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 , Mut 24 coins as we've all heard is in the last few months.

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, USA Today aggregated the news and it's here the confusion began.

The story that was published by Madden NFL 24 added the word "signing bonus" that was mentioned within the Blockfolio press release. They also blended it with Lawrence's actual Madden NFL 24 sign-on bonus from the Jaguars in reporting it as $24.1M and relying on Spotrac as an source."The most likely number. one overall selection at the time of 2021's Madden NFL 24 draft, most likely headed to The Jacksonville Jaguars, has partnered with a leading cryptocurrency investment app called Blockfolio and is expected to deposit his winnings into an account of the company."

"According to Spotrac the sign-on bonus the No. 1 selection is $22.630.055." Now we have an endorsement agreement with Blockfolio which seems to be relatively small in the scheme of things it was paid in crypto . And recently, it's been tied to Lawrence's huge Madden NFL 24 signing bonus from the league. It's also been reported that the bonus was paid in cryptocurrency. This could be a mistake that was made in good faith, or an attempt at making a story more sexually appealing, we're still in the same place: an endorsement agreement with a crypto firm was paid in crypto, and nothing more.

Then, on Tuesday, a writer for The Sun Sentinel took information published by Coinjournal in an unintentional tweet mocking the Jaguars QB. Of the course, it's true that it's not true -- because there's no evidence that Lawrence put his $24M in crypto. However this was cited in several stories claiming that Lawrence had misplaced his bag however this was not the scenario.

This is the best news. Everyone should not be rooting for someone losing money, even as a form of schadenfreude. Trevor Lawrence is a really lovely guy. It hurts to think he missed the biggest cash-flow of his football career- but instead he probably only lost a chunk out of that endorsement deal. It's a pain, cheap madden 24 coins but not anything to worry about.