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sugashane:

LeBron should ask to get paid in bitcoins on his next contract. It would be about 38,700 btc/yr ($24m/yr in today’s value).

Why does this make sense? Because NBA contracts have a limit. He can only make a maximum amount in this first year of a new contract, which is a set percentage above his last contract. He is limited on just how much he can get paid. 

Today’s bitcoin value is roughly $600-$625 (US Dollars) per bitcoin. If it were to jump up to $1000/btc again, the value of his annual contract would jump from $24m/year to $38.7m/year. All without having to alter his contract or opt out to negotiate and resign. 

But, if the deal is in bitcoins, he has the added chance that the value of a bitcoin goes up, therefore so does his annual pay. There is obviously added risk as well (if the value of bitcoins go down, if they are rendered illegal, if they are not accepted as currency by places he spends his money and the cost of translation into currency that he can pay his taxes in [Ugh]). 

I’m not even sure if the NBA’s CBA allows for contracts to be paid in currency other than US Dollars. Probably not. But in my fantasy world, this is both great for bitcoins and also great for NBA Superstars that are severely hampered by the individual salary caps negotiated by the NBPA and the CBA. 

  1. theofficialjcarter reblogged this from nbaoffseason
  2. payseur reblogged this from sugashane and added:
    Thank you! I hate when people say “we” as if the government is paying these people, and choosing their salaries.
  3. losalamoschess reblogged this from evilrapgenius and added:
    word
  4. djg1217 reblogged this from nbaoffseason
  5. lspeckm8 reblogged this from nbaoffseason
  6. evilrapgenius reblogged this from nbaoffseason and added:
    shut the fuck up with the bit coin bullshit they should get ownership in the company at a discount like a...
  7. g-inge-r reblogged this from nbaoffseason
  8. lukerheil reblogged this from nbaoffseason
  9. k-pop500 reblogged this from nbaoffseason
  10. troubledbyinsects reblogged this from nbaoffseason and added:
    hahahahaha what the
  11. goatestofalltime reblogged this from nbaoffseason
  12. heavy-is-the-metal reblogged this from bitchbetterhavemyhunny
  13. bitchbetterhavemyhunny reblogged this from sugashane
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  17. thenerdyredneck reblogged this from sugashane and added:
    oh don’t worry, I fully understand why it happens. people like their entertainment. I just think it’s stupid.
  18. sugashane reblogged this from thenerdyredneck and added:
    The reason people get paid an “assload” of money to “play a damn game” is because an even bigger “assload” of people pay...
  19. oreodunkchampion reblogged this from nbaoffseason
  20. hazyship reblogged this from nbaoffseason
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