Bitcoin News and Finance Paid in Bitcoin: NFL Offensive Tackle Russell Okung Considered the Highest Paid in the League Skip to main content

Paid in Bitcoin: NFL Offensive Tackle Russell Okung Considered the Highest Paid in the League

At the end of December, the Carolina Panthers offensive lineman, Russell Okung told the public he would be getting half of his 13 million-dollar salary paid in bitcoin. Moreover, Okung made the decision at the right time, as the National Football League (NFL) just capped the league’s salaries at $180 million. Looking at it from a different perspective, some people think that Okung is now the highest salaried NFL player today because of his decision to stack satoshis.

Okung’s Bitcoin Salary Matches His Entire Annual Wage Thanks to Crypto Gains

The professional football player, Russell Okung, is well known for his stance toward bitcoin and well before he was paid in BTC, he relentlessly asked to receive his salary in crypto. At the end of December 2020, Okung shocked the world when he announced he would be getting half of his $13 million salary paid in BTC. As bitcoin has continued to climb higher in value week after week since then, a number of people have noted that Okung has made a lot of money so far choosing to be paid in BTC.

For instance, when BTC hit $44k, the half of his contract that is paid in BTC climbed to $10.59 million, at $56k+ his half turned into more than his entire quoted salary. As far as 2020 NFL salary stats are concerned, Okung has entered the top five position. However, the NFL has recently decided to cap the league’s salaries at $180 million and a ball player’s contract could change in 2021. Because the Carolina Panthers’ offensive tackle (OT) gets half of his salary in BTC, many proponents think of him as the highest-paid player in the NFL and not just ahead of the highest-paid OTs.

“You are the highest-paid player in the NFL,” an individual said to Okung recently on Twitter. “Simply by taking your salary in a different unit of value. Amazing. [It] will not be long before your peers catch on,” he added.

NFL Announces New Salary Cap

Interestingly, Okung chose the perfect time to be paid in bitcoin, as the NFL informed teams on Thursday that there will be a salary cap this season at $180 million. In professional sports, a salary cap (or wage cap) is a standard guideline that creates a limit ball clubs can spend on a players’ salary. There are also other rules the NFL leverages like first-year players get a minimum of $610,000 annually. Seven-year NFL vets earn a minimum salary of $1 million last year.

Even though Okung is already very much ahead of all the other NFL players, he may be years ahead of the game going forward. “Russell Okung is a genius,” another person tweeted recently. “He’s made so much money from just one check,” the individual added. Okung seemed to have known this was a good decision when he said “getting paid in bitcoin is the first step of opting out of the corrupt, manipulated economy we all inhabit.”

Moreover, Okung said on Thursday that he continues to accumulate bitcoin no matter the price. “I receive a ton of questions about my price entry point into the BTC,” Okung tweeted. “I stack sats, [the] price goes up, I stack some more, [the] price goes down and stack again,” he said. “This isn’t financial advice,” Okung further insisted.

What do you think about Russell Okung’s decision theoretically making him the highest-paid NFL player in the league? Let us know what you think about this subject in the comments section below.

Comments

Popular posts from this blog

Custodial Lightning Network Service Attack Discovered by LN ‘Newbie’ — Hacker Strikes 6 LN Custodians

On September 18, a Redditor posted to the r/bitcoin forum and explained how he discovered a way to “attack [the] lightning Network’s custodial services.” The Reddit account dubbed “Reckless Satoshi” wanted to figure out if a “discrepancy between real routing fees and service’s transaction fee can be exploited for a profit.” The researcher disclosed that he wanted to see how large the damage could be and said “it is bad.” 6 Lightning Network Custodial Services Attacked, Researcher Discloses Findings to Offenders Prior to Public Disclosure A Redditor called Reckless Satoshi published a disclosure post on r/bitcoin this past Saturday and disclosed how he had found a vulnerability with routing fees and some of the Lightning Network’s custodial services. The research attack was done in good faith and after it was complete he disclosed the bugs to the offending services before publishing his findings. Reckless Satoshi used the Lightning Network (LN) attack on six different services incl

Axie Infinity Down 40% Since Last Week’s Price High, Protocol Revenue Outshines Competitors

Last week, the game token leveraged within the Axie Infinity gaming universe skyrocketed to all-time highs, while other crypto markets remained extremely lackluster. During the last seven days, Axie Infinity’s platform token has dropped significantly in value shedding more than 12%. Meanwhile, the game platform’s smooth love potion token has slid over 8% over the last 24 hours. Axie Infinity Down More Than 40% Since All-Time High Not too long ago, the axie infinity (AXS) token was a topical conversation because it reached an all-time high on July 15. At the time, AXS managed to capture $28.93 per unit and since then it has shed 12.8% during the last seven days. The axie infinity (AXS) token is used within the blockchain-based game that involves battles between token-based creatures called “Axies.” AXS is used for the game’s governance system as well as other actions within the game. At the time of writing axie infinity (AXS) is exchanging hands for $16.70 per coin. AXS/USD on Ju

Play-to-Earn Game From Polker (PKR) Exchange Listing – Endorsed by Akon

The Play-to-Earn NFT based Polker.Game ‘s native token $PKR has been officially listed on the popular centralized exchange BitMart. Polker.game has been in the spotlight recently as Akon, the American R&B superstar and record producer gave his official endorsement of polker stating that the “game is revolutionary” and that Polker is “hands down.. the best play to earn, NFT game in the space.”. With the BitMart listing and celebrity endorsement from Akon, Polker is perfectly positioned to become a major player in the Play-to-Earn league. Watch Akon’s Video Here What is Play-to-Earn? Although not a new concept, play-to-earn has become a trending term due to the popularity of the NFT game AXIE infinity. In the past, previous play-to-earn games have also achieved success – however, thanks to the huge amount of development in the blockchain space in recent years the gaming experience is now massively improved. Play-to-Earn games are essentially free to play and open to anyone and

China to Crack Down on Copyright Infringement Through NFTs

Authorities in China are going after creators of digital collectibles based on other people’s works of art, the use of which was not authorized. The government offensive is part of a campaign to combat online copyright infringement and piracy with the participation of several departments. Regulators in China Move to Strengthen Copyright Supervision of Online Platforms The National Copyright Administration of China (NCAC) has recently launched a campaign against copyright infringement and piracy on the internet, together with the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Internet Information Office of the People’s Republic. A major objective of the initiative is to improve copyright supervision of online businesses by investigating cases involving the sale and distribution of infringing products on short video, live broadcast and e-commerce platforms, and promptly dealing with infringing content, the agency announced in a press r
Blogarama - Blog Directory