When Odell Beckham Jr. signed with the Los Angeles Rams last November, it was announced that he would accept his “new salary” on the Rams in Botcion. The wide receiver said in a tweet that he will accept his salary in Bitcoin as part of an arrangement with Square Inc., which was backed by mobile payment service, Cash App.
“It’s the start of a new era I’m looking forward to the future,” he wrote in a video embedded in the tweet. Beckham Jr. is also giving away $1 million worth of Bitcoin to fans on his Twitter account.
The three-time Pro Bowler parted ways with the Cleveland Browns and signed a one-year contract with the Rams reportedly worth up to $4.25 million with a base salary of $750,000.
Well, Bitcoin has dropped a ton since then and OBJ has a lost a substantial amount of his salary because of it, according to Darren Rovell.
“The amount of people applauding players changing their salary into Bitcoin as if they were heroes has been comical.
Rams WR Odell Beckham Jr., at least in the moment, provides a cautionary tale.”
Odell Beckham isn’t the only one to accept his salary in Bitcoin, the same month, Aaron Rodgers announced a similar tie-up with Cash App, saying would receive part of his salary in the cryptocurrency.
Jacksonville Jaguar quarterback Trevor Lawrence also joined the crypto craze when he joined forces with investment app Blockfolio and placed his signing bonus into a cryptocurrency account.