There's been plenty of confusion surrounding Trevor Lawrence's first-round signing bonus, and whether the no. 1 overall selection in 2021 may have lost a significant amount of money betting on cryptocurrency, which , as we've all heard is in the last few months Mut 24 coins.

There have been various reports that Lawrence suffered a loss of nearly $15M because of his deal. Fully open, we here at SB Nation we did as well , but the reality is that Lawrence isn't likely to lose all of his Madden NFL 24 amount. The confusion stems from an endorsement contract pre-draft Lawrence had signed that included "Blockfolio," and the phraseology used by the company when they inked Lawrence in April 2021.

After Lawrence joined Blockfolio they announced their endorsement deal via the form of a press announcement. The press release referred to the amount they would be paying Lawrence as an "signing bonus," likely as a shorthand approach to sound athletic, and claimed they were depositing the bonus in an online crypto wallet on behalf of the QB."This partnership marks the first ever endorsement agreement in which a significant bonus for signing has been paid entirely in cryptocurrency. The bonus was paid directly to the Lawrence's Blockfolio account, and comprised Bitcoin, Ethereum and Solana."

There's nothing like"signing bonuses" or "signing bonus" in relation to an endorsement deal. The endorsement contract is all that's needed. You sign the deal, you get paid money -- or in the case of Lawrence, you get crypto. While the use of this term in sports seems to be a common practice but it's in this instance that things got interesting. In the wake of the Blockfolio press release cheap madden 24 coins, USA Today aggregated the news and it's here the confusion began.