He did not receive any of it in cryptocurrency, especially his $24 million signing bonus.
Therefore, he is still set to earn $36.7 million throughout his rookie contract.
However, what took a hit was his bonus from the endorsement deal he signed with FTX.
That said, he needed to clarify matters.
— Trevor Lawrence (@Trevorlawrencee) June 22, 2022
Lawrence tweeted in response to a post by Barstool Sports, “Did y’all confuse my @FTX_Official signing bonus with my @NFL one? Carry on…”
Pomp Investments’ Joe Pompliano further clarified, “No — the deal with Blockfolio was probably low seven figures, and a small ‘signing bonus’ was paid in crypto. People are getting confused because they called his initial payment a ‘signing bonus’ & somewhere along the way it seems people thought that meant his NFL signing bonus.”
Still, Lawrence took a hit with that signing bonus giving the tanking prices of cryptocurrencies.
It’s difficult to see the prices of Bitcoin and Ethereum surging anytime soon.
Therefore, the Jaguars’ play-caller has lost a good chunk of money from that endorsement.
Lawrence Raring To Prove He’s Worth The Jaguars’ Investment
With that aspect of his fortune clarified, Lawrence now has to prove that he is the franchise quarterback the Jaguars need.
In his first season with the team, Jacksonville finished with a 3-14 record to earn the first overall selection in the 2022 NFL Draft.
However, the Jaguars should be more competitive in 2022 given the haul of talent they brought in.
With more talent surrounding him, Lawrence must be able to lead the Jaguars to a more respectable record.
Turning the team into an emerging contender might earn him a lucrative contract extension sooner than later.