Trevor Lawrence Gets Paid In Bitcoin, Signs Contract With Cryptocurrency App

Trevor Lawrence is joining both the NFL and the world of cryptocurrency in the same week. The expected No. 1 overall pick in the 2021 draft has signed an endorsement deal with Blockfolio, a cryptocurrency investment app.

The multi-year contract includes a signing bonus that was paid in crypto through Lawrence’s Blockfolio account. The payment was made in multiple crypto coins, including Bitcoin, Ethereum and Solana.

“Trevor Lawrence is the future of professional football and cryptocurrency is the future of money, so the partnership was a no-brainer,” said Sam Bankman-Fried, CEO of Blockfolio. “But as impressive as Trevor is on the field, I was most impressed with his character and charitable focus off the field.”

Lawrence is all but guaranteed to be selected by the Jacksonville Jaguars on Thursday night at the top of the first round. He is projected to sign a rookie contract worth nearly $35 million with a $22.6 million signing bonus, according to Spotrac.

Multiple NFL players have already decided to turn their salaries into bitcoin immediately

Offensive tackle Russell Okung received half of his $13 million salary for the 2020 season in Bitcoin. Tight end Sean Culkin will receive $920,000 if he makes the Kansas City Chiefs roster for the 2021 season, and he plans to convert all of that money into Bitcoin.

“I fully believe Bitcoin is the future of finance and I wanted to prove that I have real skin in the game -- not just trying to make a quick buck. I will be converting my entire 2021 NFL salary to #Bitcoin,” Culkin said Monday on Twitter.

Bitcoin, the most known cryptocurrency, is currently trading at about $50,000.