After Lawrence was signed on to Blockfolio they announced MUT 24 Coins their endorsement agreement in the form of a press announcement. In the press release, they mentioned the cash they paid Lawrence as a "signing bonus," likely as a attempt to sound sporty, saying they were depositing the bonus into an online crypto wallet on behalf of the QB."
This partnership is the very first endorsement deal ever in which a significant signing bonus was paid entirely in cryptocurrency. The bonus was deposited directly to the Lawrence's Blockfolio account and included Bitcoin, Ethereum and Solana."
There's nothing like"signing bonuses" or "signing bonus" when it comes to an endorsement deal. The endorsement contract is all that's needed. Once you sign the agreement in exchange for money -- or in Lawrence's case that's crypto. While the use of this term in sports is fairly innocuous but here's where things went off the rails. Following the Blockfolio press release cheapest MUT Coins, USA Today aggregated the information and this is where that the confusion started.
