Trevor Lawrence Loses More Than Half of His $24 Million NFL Salary Due To Crypto Fall; Will This Propel Him To Sign Exuberant Contract With Downtrodden Jacksonville Franchise?

Published 06/22/2022, 10:30 AM EDT
JACKSONVILLE, FLORIDA – JULY 30: Trevor Lawrence #16 of the Jacksonville Jaguars looks on during Training Camp at TIAA Bank Field on July 30, 2021 in Jacksonville, Florida. (Photo by James Gilbert/Getty Images)

It is no surprise that all the big names in NFL and other sports are investing their money in cryptos and NFTs. The buzz started with new draftees Odell Beckham Jr. investing in Bitcoin. Moreover, NFL GOAT Tom Brady also invested in the crypto trading platform, FTX, along with launching his NFT venture.

Consequently, the Jaguars’ QB Trevor Lawrence joined the trend. However, he lost 62.7% of his initial $24 Million investment in BTC, ETH, and SOL. Lawrence’s current portfolio value plummeted to $8.96 Million.

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Losing 62.7% of his portfolio value, he is bound to be desperate for a more cash-heavy contract. This is likely to propel him to stay with the Jacksonville Jaguars. Conversely, after his rookie contract, the QB would be hoping to get a better contract; but might have to settle for what is given to him.

JACKSONVILLE, FLORIDA – JULY 30: Trevor Lawrence #16 of the Jacksonville Jaguars looks to pass during Training Camp at TIAA Bank Field on July 30, 2021 in Jacksonville, Florida. (Photo by James Gilbert/Getty Images)

In 2021, he became the No. 1 overall pick and signed a four-year rookie contract with the Jaguars. Consequently, this deal pays his $36.8 Million with a $24 million signing bonus. The contract also includes a fifth-year option attached to every rookie deal for first-round selections.

How did Trevor Lawrence perform for the Jaguars, and what does his future look like?

Even though the 22-year-old performed above average, he has high hopes for himself. He played 17 games for the Jacksonville Jaguars in his first rookie season. As a result, he scored 12 touchdowns and 17 interceptions. Moreover, he completed 3641 yards as well.

DIVE DEEPER

NFL Stars Trevor Lawrence, Saquon Barkley Suffer Setback Worth Millions as Bitcoin and Other Cryptocurrencies Record New Lows

about 1 month ago

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As the next season approaches, Lawrence will look to improve his performance. Since he lost more than half of his extravagant contract, his negotiations can take a new turn. Moreover, it could propel him to sign an exuberant contract with Jacksonville that makes him stay with them even after his rookie contract ends.

May 15, 2021; Jacksonville, Florida, USA; Jacksonville Jaguars quarterback Trevor Lawrence (16) attempts a pass during rookie mini camp at TIAA Bank Field. Mandatory Credit: Jasen Vinlove-USA TODAY Sports

Although the crypto market has recently remained volatile, Trevor wouldn’t want to bet on it. His chances of recovering his losses from the market alone are bleak since cryptos took a bearish path. All in all, these losses could propel him to stay with the Jaguars longer than he thought.

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Watch This Story: Tom Brady, Aaron Rodgers, OBJ, and more NFL stars who accepted salaries in bitcoin – Trevor Lawrence, Saquon Barkley

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Ayush Jha

83 articles

Ayush Jha is an NFL author at EssentiallySports. He is a current graduate of the University of Delhi and has worked on publishing academic research in the past. To fulfill his enthusiasm for covering sports, he started following the NFL and developed a keen interest.

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