Current Events > Jaguars QB Trevor Lawrence had $24M of his rookie contract paid out in Crypto

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Bio1590
06/21/22 4:03:19 PM
#1:


https://twitter.com/betonline_ag/status/1539304525470777346?t=XvJ0_wdL8UNa3mW7TbrGIA&s=19

It's now worth $9M

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ForsakenHermit
06/21/22 4:04:16 PM
#2:


https://youtu.be/9Jz1TjCphXE

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CARRRNE_ASADA
06/21/22 4:04:54 PM
#3:


How does that work with taxes? Do you pay the % based on what it was worth when received?

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CADE FOSTER
06/21/22 4:06:03 PM
#4:


lol dudes a bust and has no money
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berlyman101
06/21/22 4:07:08 PM
#5:


he hasn't lost if he hasn't sold

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#6
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__aCEr__
06/21/22 4:07:55 PM
#7:


Imagine being broke AND having to play for the Jaguars.

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Jabodie
06/21/22 4:08:51 PM
#8:


Hopefully he has a diversified portfolio of shitcoins. That way only one has to moon to get it all back!

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Shadow Don
06/21/22 4:08:55 PM
#9:


LMFAO

Financial literacy > Elon Musk memes

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CARRRNE_ASADA
06/21/22 4:10:52 PM
#10:


[LFAQs-redacted-quote]



Ouch...soo he owes more in taxes than what he currently owns in bitcoin?

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#11
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Sexypwnstar
06/21/22 4:15:15 PM
#12:


Can you write off crypto losses like you can stocks?

Doesn't really matter if he hasn't sold yet though.

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Butterfiles
06/21/22 4:16:22 PM
#13:


Bust QB who plays for poverty franchise so this tracks

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ToPoPO
06/21/22 4:17:28 PM
#14:


This is just looking at the current value, if he got paid out before then, he could've sold when it was higher or sold earlier before what the current value is.

This is garbage-bait.
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gatorsPENSbucs
06/21/22 4:21:56 PM
#15:


Makes me think about Odell Beckham but thankfully hes already got a ton of money. His Rams contract is getting close to him owing money, which would bring a whole new meaning to buying a championship.

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Jagr_68
06/21/22 4:23:54 PM
#16:


This is the best football story I've ever heard in recent memory. Too bad it didn't sink to zero lmao

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#17
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gatorsPENSbucs
06/21/22 4:31:06 PM
#18:


[LFAQs-redacted-quote]

Taxes

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HovaRex
06/21/22 4:33:27 PM
#19:


gatorsPENSbucs posted...
Taxes

Florida

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UnholyMudcrab
06/21/22 4:35:16 PM
#20:


And that's why crypto was always completely infeasible as an actual currency

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#21
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BrownBearKing
06/21/22 4:46:48 PM
#22:


Pretty sure professional sports teams take out the taxes from your paycheck like most businesses.

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chrono625
06/21/22 4:51:46 PM
#23:


Its still an unrealized loss.

but I bet he wishes he kept the cash.

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Krojen
06/21/22 5:07:46 PM
#24:


I thought it was some crypto company paying them to take their checks in bitcoin and then they immediately cashed it back into USD once the paid publicity stunt was over.

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