Top college football pick enters Bitcoin contract with University of South Carolina


One of the best college football players, Matai Tagway, is set to join football stars like Russell Okung, Odell Beckham Jr., and Trevor Lawrence by receiving his compensation in Bitcoin.

A portion of the fullback's earnings will be paid via the Strike App after signing a "Name, Image and Likeness" (NIL) agreement with the University of Southern California (USC).

The exact details of his package are unknown, but some college football players, such as Shedor Sanders, They received discretionary payments of up to $4.7 million To sign similar deals.

These types of deals give the organization the right to use the athlete's image as it sees fit — for example, in video games, official merchandise, or brand sponsorships.

“This is a game-changer for me,” Tagway said. “By sharing my zero-bitcoin profits, I am setting myself up for long-term financial growth.”

The full-back added that he wants to "be a role model for other young athletes."

Tagway is not the only Bitcoin bull in professional football. Odell Beckham Jr. decided to have him His full salary of $750,000 has been paid in Bitcoin In 2021, in partnership with Block Inc.'s Cash App, after he signed with the Los Angeles Rams.

Beckham later mocked his critics Share on XTwitter previously, after Bitcoin price The $100,000 barrier was broken after the recent US presidential elections.

Some NFL players may have done well financially by choosing to receive their multi-million dollar salaries in Bitcoin. Former Super Bowl champion Russell Okung was the first well-known NFL star to choose to pay his salary in bitcoin when he signed with the Carolina Panthers in 2020. He asked to have half of his salary — $6.6 million — paid in bitcoin.

If Okung had not chosen to liquidate his bitcoin, his stake could now be worth $20 million, based on price changes since then.

Okung seeks to get more NFL players paid in Bitcoin. In November, he announced that he wanted to ensure that players in a new soccer league, Bitball, were paid in bitcoin.

“We are moving away from seeing athletes go bankrupt and losing generational wealth.” He said Decryption In an interview.

Bitcoin payments are becoming an increasingly common sight in sports other than the NFL. Golfers Rory McIlroy and Scottie Scheffler Recently paid $5 million All of them after winning a golf tournament sponsored by Crypto.com.

Modified by Stacey Elliott.

Daily debriefing Newsletter

Start each day with the latest news, plus original features, podcasts, videos and more.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *