Odell Beckham Jr., a popular player with the Los Angeles Rams, also known as OBJ, has stated that he would receive his salary in Bitcoin. The American football champion has stated that he had already partnered with Cash App to make this initiative possible.
In the announcement issued on Monday, Beckham Jr. stated that he would be taking his salary for the 2021-2022 NFL season in Bitcoin.
Beckham Jr. to receive his salary in Bitcoin
Beckham Jr. was only recently endorsed into the Los Angeles Rams. Joining this team came shortly after being released from his contract to work with the Cleveland Browns at the beginning of the month.
Under his new contract, Beckham Jr. will be earning a salary of $750,000. Moreover, he will still receive a signing bonus of $500,000 and earn a maximum of $3 million through other incentives. His total salary for the season will come in at a total of $4.25 million.
The recent endorsement of Bitcoin by Beckham comes when the price of Bitcoin is witnessing price recessions. Currently, Bitcoin is trading at around $56,500, which means that the entirety of Beckham’s salary will be around 75 Bitcoins.
Beckham also stated that he would give away $1 million to his Twitter followers. Those who want to qualify for the giveaway have to complete several steps highlighted in the tweet. Earlier on, Beckham had purchased a CryptoPunk NFT.
Sports stars joining the crypto sector
Beckham is not the first popular star to confirm a crypto investment. Other stars have noted that they would also receive their salaries in digital assets. At the beginning of the month, NFL star, Aaron Rodgers, stated that he had also partnered with CashApp to receive part of his salary in Bitcoin.
Rodgers also stated that cryptocurrencies were the “future of money” and that they offered value and security and no one could “mess with it.” In September, the reigning Super Bowl champion, Tom Brady, stated that he would like to receive part of his salary in Bitcoin, Ethereum and Solana.
Brady is also an investor in the cryptocurrency sector, as he owns an equity stake on the FTX trading platform.