This week there were numerous reports that Mut 23 coins Lawrence suffered a loss of nearly $15M in the wake of his deal. We're not lying, on our side at SB Nation we did as also -- however, the reality is that Lawrence probably didn't forfeit the Madden NFL 23 cash. The confusion is due to an endorsement agreement that was pre-draft Lawrence signed using "Blockfolio," and the terms used by the company to announce that they signed Lawrence in the month of April in 2021.

As soon as Lawrence has joined Blockfolio they announced their endorsement deal via the form of a press release. The press release referred to the amount they paid Lawrence as a "signing bonus," most likely to be a method of sounding more athletic. They also stated that they were depositing the reward into one of their crypto wallets for the QB."This collaboration is the first endorsement deal ever in which a substantial signing bonus is paid completely in cryptocurrency. The bonus was put directly into the player's Blockfolio account and included Bitcoin, Ethereum and Solana."

There's nothing called a "signing bonus" when it comes to an endorsement contract. It's just the endorsement contract. You sign the deal and then you're paid -- or in Lawrence's case you receive crypto. While the usage of the word "sports" is relatively harmless the moment madden 23 coins buy  you read it, things got a bit more complicated. Following the Blockfolio press announcement, USA Today aggregated the information and this is where the confusion began.