Did y’all confuse my @FTX_Official signing bonus with my @NFL one? Carry on… https://t.co/pd7FS198yr
— Trevor Lawrence (@Trevorlawrencee) June 22, 2022
The crypto crash may have had a negative impact on Jacksonville Jaguars quarterback Trevor Lawrence, but the reports of its magnitude have been greatly exaggerated.
A recent report suggested that Lawrence, the No. 1 overall pick in the 2021 NFL draft, had lost nearly $15 million by taking his entire NFL signing bonus in cryptocurrency, but it didn’t take long for Lawrence to refute it.
In his own Twitter post, Lawrence made it clear that the signing bonus he took in crypto wasn’t his NFL money, but rather a signing bonus he got from an endorsement deal with a crypto company.
So, while it’s true that Lawrence probably lost a decent chunk of change thanks to the current conditions in the crypto market, it wasn’t his massive NFL signing bonus that’s taking the hit.
