3,567
 

Trevor Lawrence leads group of athletes in salary loss due to crypto



ADVERTISEMENT
 
topics gone triple plat - Number 1 spot 3X PLAT
most viewed right now
+150  117
168 replies  @hiphop


most viewed right now
+33  54
59 replies  @hiphop


section  x1   |  0 bx goons and 1 bystanders Share this on Twitter       Share this on Facebook

section sports
  
 4 days ago '07        #1
3850 page views
63 comments


Bkjj11  topics gone triple plat - Number 1 spot x130
avatar
Props total: 195324 195 K  Slaps total: 32985 32 K
Trevor Lawrence leads group of athletes in salary loss due to crypto
 

 

image

image
+28   



best
worst
63 comments
 

 4 days ago '21        #2
The jinx  topics gone triple plat - Number 1 spot x3
Props total: 7092 7 K  Slaps total: 2409 2 K
He aint lose it until he cashes it in



























+66   

Top 10 most slapped recently  4 days ago '07        #3
theFREAK  topics gone triple plat - Number 1 spot x260
Props total: 197600 197 K  Slaps total: 33453 33 K

 4 days ago '04        #4
slimboyballer  topics gone triple plat - Number 1 spot x3
Props total: 62603 62 K  Slaps total: 15523 15 K
Lawrence losing on and off the field

+27   

 4 days ago '15        #5
masterjay101  topics gone triple plat - Number 1 spot x5
Props total: 10454 10 K  Slaps total: 2672 2 K
They'll be fine... specially in the next bitcoin halving.
+16   

 4 days ago '12        #6
TRILL SH1T  topics gone triple plat - Number 1 spot x15
Props total: 28462 28 K  Slaps total: 4358 4 K
This is with the a*sumption that none of these athletes cashed any of this out before the crash or during the crash because it got too out of hand
+18   

 4 days ago '20        #7
NamelessONE  topics gone triple plat - Number 1 spot x40
Props total: 18632 18 K  Slaps total: 5300 5 K
 The jinx said
He aint lose it until he cashes it in



























Brother,you said exactly what I came in here to say
+5   

 4 days ago '16        #8
BMC1000  topics gone triple plat - Number 1 spot x14
Props total: 47917 47 K  Slaps total: 8505 8 K
they thought they was so smart too

+17   

 4 days ago '16        #9
BMC1000  topics gone triple plat - Number 1 spot x14
Props total: 47917 47 K  Slaps total: 8505 8 K
the only ? is how long do you keep it

do you go down with the ship or cash out






+1   

 4 days ago '06        #10
Clyde  topics gone triple plat - Number 1 spot x7
Props total: 39652 39 K  Slaps total: 5766 5 K

 3 days ago '07        #11
Bkjj11  topics gone triple plat - Number 1 spot x130 OP
Props total: 195324 195 K  Slaps total: 32985 32 K

+43   

Top 10 most slapped recently  3 days ago '20        #12
Tweezy12  topics gone triple plat - Number 1 spot x13
Props total: 68631 68 K  Slaps total: 21902 21 K
Trevor Da gawd will sign the biggest contract in nfl history in few years.....he will be ok
-6   

 3 days ago '16        #13
Menosay  topics gone triple plat - Number 1 spot x2
Props total: 11277 11 K  Slaps total: 3964 3 K
Rookie of the year

 3 days ago '20        #14
Chozen  topics gone triple plat - Number 1 spot x2
Props total: 42590 42 K  Slaps total: 6687 6 K
Weren't y'all on here applauding someone last year for getting their entire deal in BTC?
+11   

 3 days ago '16        #15
ImChillin2Hard 
Props total: 12324 12 K  Slaps total: 891 891
 slimboyballer said
Lawrence losing on and off the field

Sunshiiiiiiiine… He got the face of a dude with a gambling addiction low key.
+5   

 3 days ago '09        #16
messy marv stan  topics gone triple plat - Number 1 spot x85
Props total: 268869 268 K  Slaps total: 28932 28 K
ben maller said that trevor lawrfence should have gotten his signing bonus first then spent the duckets on crypto
-1   

 3 days ago '17        #17
justin747  topics gone triple plat - Number 1 spot x5
Props total: 194880 194 K  Slaps total: 30503 30 K
sportsbook top 10



They should joined the Boxden Guap section. BX Guap dudes told me that they haven't lost a dime in Crypto and they're all gonna be millionaires in a few weeks

+21   

 3 days ago '04        #18
slimboyballer  topics gone triple plat - Number 1 spot x3
Props total: 62603 62 K  Slaps total: 15523 15 K
 ImChillin2Hard said
Sunshiiiiiiiine… He got the face of a dude with a gambling addiction low key.
lmao
-2   

 3 days ago '04        #19
all3rd  topics gone triple plat - Number 1 spot x25
Props total: 56678 56 K  Slaps total: 14286 14 K




Trevor Lawrence denies losing $15 million in crypto
Posted by Michael David Smith on June 22, 2022, 5:07 PM EDT

As cryptocurrency prices have plummeted in recent weeks, there’s been increased scrutiny on the many professional athletes who have bragged about getting paid in cryptocurrency, and how much money those athletes have lost. Most notably, a viral story has claimed that Jaguars quarterback Trevor Lawrence lost $15 million after taking his entire $24 million signing bonus last year in cryptocurrency that’s now worth just $9 million.

One problem with that story: It isn’t true.


Lawrence made that clear on Twitter today, explaining that when he said last year he got a signing bonus in cryptocurrency, he was referring to the signing bonus he got for an endorsement deal with cryptocurrency exchange FTX. He was not referring to his $24 million signing bonus as the first overall pick in last year’s NFL draft.

“Did y’all confuse my @FTX_Official signing bonus with my @NFL one?” Lawrence wrote.

It should have been obvious from the get-go that the story was bogus. For starters, NFL players can’t actually get paid in cryptocurrency. They get paid in U.S. dollars. What they choose to do with those dollars is their own business, and some players may invest heavily in cryptocurrency, just like other players invest in stocks or real estate.

And income tax is withheld from players’ paychecks, so Lawrence never had $24 million to lose in the first place. After taxes, Lawrence’s signing bonus was about $15 million, so if he had put his entire signing bonus into Bitcoin, he wouldn’t be out $15 million unless the price of Bitcoin hit zero. And while Bitcoin is down more than 60 percent from its all-time high in November, it’s still nowhere near zero.

But, again, Lawrence did not put his entire signing bonus into Bitcoin. Lawrence is making money off cryptocurrency through his endorsement deal with a cryptocurrency exchange, and if he puts that money into cryptocurrency, then he’s lost a lot of money since his endorsement deal started. But he hasn’t lost $15 million.
+4   

 3 days ago '18        #20
ordoabchao 
Props total: 26733 26 K  Slaps total: 5568 5 K
That good ol' plantation education... Works wonders in the real world, don't it boy!
-1   

 3 days ago '11        #21
Joseph  topics gone triple plat - Number 1 spot x1
Props total: 43479 43 K  Slaps total: 9349 9 K
Be surprised that pro athletes make bad financial decisions bruhs.
+1   

 3 days ago '17        #22
justin747  topics gone triple plat - Number 1 spot x5
Props total: 194880 194 K  Slaps total: 30503 30 K
sportsbook top 10
 all3rd said




That's the same thing OBJ did. They just make them use specific language in the advertisement to make it seem like the players took their NFL bonus in Crypto



My New Salary = Endorsement Check
+15   

 3 days ago '19        #23
JohnMellow 
Props total: 4808 4 K  Slaps total: 2296 2 K
Nice! Someone “losing”! Sure does make us feel better about ourselves, huh fellas ?
+1   

 3 days ago '05        #24
blackninja 
Props total: 25712 25 K  Slaps total: 2589 2 K
Cash in or cash out, who wants to have their money in that type of theoretic situation? fu*k Bitcoin. The US dollar is an illusion, but it's the standard and foundation of the world economy.


Last edited by blackninja; 06-22-2022 at 05:31 PM..
+8   

 3 days ago '17        #25
Bradydidit1109 
Props total: 2169 2 K  Slaps total: 375 375
Crognale is crazy man. USL players don’t make sh*t and he did that. Hope Bitcoin comes back up for his sake. Dudes a solid CB
+1   



Sign me up
 
 

yesterday...


most viewed right now
+30online now  45
Jun 24 - Clarence Thomas: Birth Control, Gay Marriage Is Next
292 comments
21 hours ago
@news
most viewed right now
online now  44
Jun 24 - Blue states vs red states - death by guns
58 comments
21 hours ago
@news
most viewed right now
-98online now  36
Video inside Amber Rose is now a Rapper and just Debuted her First Rap single #DikG..
150 comments
21 hours ago
@hiphop
most viewed right now
online now  23
We Need to Talk About Herogasm
80 comments
18 hours ago
@movies
back to top
register register Follow BX @ Twitter search BX privacyprivacy