This week there were numerous reports Mut 24 coins that Lawrence was able to lose almost $15 million because of his contract. In full disclosure, here at SB Nation we did as well -- but the truth is that Lawrence probably didn't lose the Madden NFL 24 money. The confusion arises from the endorsement deal that pre-draft Lawrence signed with "Blockfolio," and the wording the company used when they inked Lawrence in April 2021.

The moment that Lawrence was signed on to Blockfolio they announced the endorsement deal via an announcement in a press release. In the press release, they mentioned the amount they would be paying Lawrence as a "signing bonus," likely as a shorthand approach to sound cool, by depositing the reward into an account in a cryptocurrency wallet for the QB."This partnership is the first time ever which a significant bonus for signing is paid completely in cryptocurrency. The bonus was deposited directly into the player's Blockfolio account and also included Bitcoin, Ethereum and Solana."

There's no such thing as"signing bonuses" or "signing bonus" in relation to an endorsement contract. The endorsement contract is all that's needed. You sign the deal and you're paid -- or in Lawrence's case you receive crypto. Although using the term "sports" seems to be a common practice, it's here where things got a bit more complicated. In the wake of the Blockfolio press release, USA Today aggregated the announcement and that the confusion started.

The report coMadden NFL 24 incorporated the word "signing bonus" which was given on the Blockfolio press release. They also added it to Lawrence's actual Madden NFL 24 bonuses for signing from the Jaguars which reported it being $24.1M and relying on Spotrac as an source."The likely number. one overall selection of the 2021 Madden NFL 24 draft, most likely headed to his home team, the Jacksonville Jaguars, has partnered with a leading cryptocurrency investment platform called Blockfolio and will transfer his winnings into an account in the company."

"According to Spotrac the amount of the signing bonus for this year's No. one choice is $22.630.055." Now we are dealing with an endorsement from Blockfolio, which is likely to be quite modest when compared to other deals the deal was paid in crypto -- and is now linked to Lawrence's massive Madden NFL 24 signing bonus from the league, but misrepresented that money was placed into crypto. Whatever the reason, whether it's a genuine mistake or a plot to turn the buy madden 24 coins report a bit more sexier, we're still in the same place: an endorsement agreement with a crypto-related company was paid in crypto and that's all there is to it.