Tag: Bitcoin

Russell Okung is the first NFL player to ever be paid in Bitcoin

Finally paid in Bitcoin.

In May of 2019, Carolina Panthers tackle Russell Okung let us know that he wanted to be paid in Bitcoin.

About a year and a half later, he got his wish. Half of the offensive lineman’s salary will be paid in the skyrocketing cryptocurrency moving forward.

Thanks to an arrangement from a digital coin app called Strike that enables paychecks to be converted into cryptocurrency, Okung’s $13 million salary in 2020 will be split, according to a report from NFL Network’s Ian Rapoport, with half of his salary being Bitcoin and the other half being regular currency.

Just like Okung called it. The timing couldn’t be better — one Bitcoin is currently worth $26,365.80.

He’s the first to do this. But he probably won’t be the last.

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Report: Panthers paying half of Russell Okung’s salary in Bitcoin

The Carolina Panthers will pay half of left tackle Russell Okung’s 2020 salary in Bitcoin, according to Ian Rapoport at NFL Network.

The Panthers will pay half of left tackle Russell Okung’s 2020 salary in Bitcoin, according to Ian Rapoport at NFL Network. Okung’s cap number this year is $13,187,500 according to Over the Cap.

The Panthers traded their five-time Pro Bowl right guard Trai Turner to the Los Angeles Chargers for Okung in March. At the time we did a roundtable of grades. The deal got a C- grade on average from our team of contributors. Some people disliked the deal a lot more, though. As the elite Steven Ruiz at For the Win (who gave Carolina an F) put it:

“Essentially, the Panthers paid $10 million and turned two seasons of a 26-year-old Pro Bowl guard into one season of a 30-something tackle who’s coming off a season in which he missed 10 games.”

Fast forward nine months and the concerns about Okung’s age and health turned out to be well-founded. Okung has missed all but seven games this season due to multiple injuries. In his defense, Okung has generally blocked well when he’s been out there, but availability is an NFL player’s most valuable commodity and Okung’s is declining.

The team’s backups have fared no better, unfortunately. Yesterday, the team placed Trent Scott on the injured reserve list. Along with Greg Little and Dennis Daley, that’s the third OL who has played the position to go on IR in just the last couple of weeks.

Guard Michael Schofield came in to replace Scott when he went down with his shoulder injury against Washington. Playing out of position proved brutal for him, though. This week against the Saints the Panthers may consider starting Matt Kaskey, who was just signed from the practice squad.

Looking ahead, this spot has to be near the top of the list for the front office to address this offseason.

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