There's been some confusion about mut 24 madden coins Trevor Lawrence's rookie signing bonus, and whether the no. one overall pick in 2021 might have lost a staggering amount of money risking it on cryptocurrency, which , as we've seen has experienced a crash in recent months.

This week there were widespread reports that Lawrence suffered a loss of nearly $15M due to his contract. Fully open, us at SB Nation we did as also -- however, the truth is that Lawrence most likely didn't loose money from his Madden NFL 24 money. 

The confusion is due to an endorsement contract that was signed prior to the draft Lawrence has signed using "Blockfolio," and the phraseology used by the company when they inked Lawrence in April 2021.

When Lawrence has joined Blockfolio they announced their endorsement agreement in an announcement in a press release. 

The release mentioned the amount they were paying Lawrence as an "signing bonus," likely as a shorthand strategy to sound like a sportsperson, claiming they were depositing the bonus in an crypto wallet to be used by the QB.

"This partnership is the very first endorsement deal ever in which a substantial signing bonus was paid entirely in cryptocurrency. The bonus was transferred directly in Lawrence's Blockfolio account and included Bitcoin, Ethereum and Solana."

There's no such thing as"signing bonuses" or "signing bonus" when it comes to an endorsement deal. The endorsement contract is all that's needed. When you sign the contract in exchange for Madden nfl 24 coins money or, in Lawrence's case you receive crypto.