“Over 70 Percent of NFL Players Go Broke”: Heisman Trophy Winner Warns Caution With Future of Crypto Payments, Something Aaron Rodgers Has Already Begun

Published 11/09/2022, 8:30 AM EST

NFL titan Aaron Rodgers is preparing for the cryptocurrency future. Meanwhile, former NFL QB Tim Tebow is careful about the role of digital currency in the NFL. The Heisman Trophy winner, and first-round NFL draft pick, explained his take on student athletes getting paid in crypto.

The QB said he is cautiously optimistic and urged the others to learn more about it as soon as possible. “Over 70 percent of NFL players go broke within three years. It’s important that we all just try to get as educated as possible… so we can adapt to the future and what is coming,” he said.

Article continues below this ad

When Aaron Rodgers and Tom Brady promoted cryptocurrency

NFL great Aaron Rodgers advocated the use of cryptocurrency in the past. He attended the Bitcoin 2022 Conference, where he spoke at length about future payments. The Green Bay Packers QB partnered with Cash App in 2021, to convert A-Rod’s NFL paycheck portion to Bitcoin.

In June 2021, during the bullish days of crypto, the former Super Bowl winner, Tom Brady, and his then-wife, Gisele Bündchen, closed an equity deal with FTX.com and FTX.US. During the promotions, TB12 said it is an incredibly exciting time in the crypto world. However, a rival firm, Binance is all set to take over FTX. It would be critical as the former power couple has attached a huge part of their $600 million net worth to the FTX venture. Meanwhile, FTX shares have seen a significant, 72 percent drop in value. It is a setback to the NFL GOAT.

🏈 Exclusive Invite for NFL Community

NFL and its take on blockchain business

Article continues below this ad

In March 2022, the NFL granted the teams limited permission for blockchain sponsorships. However, they continued the ban on cryptocurrency promotions and fan tokens. The league’s decision came after a federal lobbying push related to the blockchain.

The new move was a reversal from the previous stand. They admitted the technology is growing in popularity among fans and athletes. The league said, “It will allow promotional relationships without undertaking excessive regulator or brank risk.”

Not Losing to NFL’s Worst Defense, Not Five Loss Streak, This Is What Irks Aaron Rodgers the Most From Sunday

Article continues below this ad

The million-dollar question (literally) is whether the NFL future will witness a crypto takeover. However, it would have to undergo a long process and a major transition. This is to make it accommodative and transparent before such a bold step is made into reality.

Watch This Story: Tom Brady’s Interaction With Former Arch-rival Makes NFL World Go Nuts

SHARE THIS ARTICLE :

Written by:

Nidheesh Kumar is an NFL writer for EssentiallySports. He has completed his Masters in Communication from the University of Hyderabad and was previously a sports journalist with Telangana Today. An avid enthusiast, Nidheesh is a loyal fan of writing and conversations revolving anything remotely around sports.

Edited by:

Gurjyot Singh Dadial

“Over 70 Percent of NFL Players Go Broke”: Heisman Trophy Winner Warns Caution With Future of Crypto Payments, Something Aaron Rodgers Has Already Begun

When Aaron Rodgers and Tom Brady promoted cryptocurrency

Trending

Exclusive: After Claiming He Can Beat Caitlin Clark 1v1, Iowa’s No.1 NFL Draft Prospect Cooper DeJean Comes Clean

After Confirming Patriots Interest, JJ McCarthy Reveals Tom Brady Was Speaking to Him Throughout National Championship Winning Season

Who Are Laiatu Latu’s Parents? Meet the Family of UCLA’s DL

Where Is Russell Wilson’s Ex-partner Ashton Meem Now? Everything We Know About Broncos QB’s First Wife

2024 NFL Draft: In Eminem’s Presence, Detroit Denied Entry Into NFL History Books as Motor City Fans Stopped Due to Maximum Capacity

NFL and its take on blockchain business