2024 NBA Season

[dwyane36]

Anybody talking about how Cade Cunningham the NBA’s #1 draft pick is getting paid his signing bonus 100% in Bitcoin through a partnership with BlockFi? That’s nuts… I can’t believe that this sort of thing is becoming normalized in professional sports. I hope he makes a ton of cash and becomes a major ally in crypto. Certainly others will be following in his footsteps.

Well, crypto companies are going big for their advertisement and partnerships with the sports business, which kinda good thing for us all in crypto space as it gives Bitcoin and Cryptocurrency an exposure for a possible additional adoption.

This is gonna be a win-win situation for the Rookie as he were able to make "pretty decent amount of Bitcoin" (I'm quite sure it's a big amount). He can just hold it and come back when Bitcoin hits a 6 digit figure.
I've seen a few athletes in different sports who were receiving crypto as their bonuses and as a few percentage of their salary.

I wouldn't be surprised if NBA players or other athletes have the opportunity to receive a full salary in crypto after few years. However, receiving crypto even as a bonus might be an ambiguous decision at the moment, especially for those athletes who don't fully understand the basics of cryptocurrencies. I mean, athletes should know how it works, and they also should be prepared for the fact that there is high volatility in the market.

[danherbias07]

Anybody talking about how Cade Cunningham the NBA’s #1 draft pick is getting paid his signing bonus 100% in Bitcoin through a partnership with BlockFi? That’s nuts… I can’t believe that this sort of thing is becoming normalized in professional sports. I hope he makes a ton of cash and becomes a major ally in crypto. Certainly others will be following in his footsteps.

Great news indeed. Imagine your agent telling you, "Hey, your contract is 50 Bitcoin." That would be fun.  It sound so small when you just look at the number but after conversion you will have a full wide eyes on how much it will be specially if you keep it for the whole season. The chance for the volatility to strike up is always positive.

It's not that the Hornets see is worth more than they have to overpay players to draw interest.  Unfortunately there are some teams that can't draw free agents to sign and Hornets are one of them.  They have to pay and hope that the player lives up to the pay.  With that being said they have a nice core of young players and are a piece or 2 away from being serious contenders.

I want to see Gordon Hayward go back to his old self. I think he was hit hard mentally by injuries. At 31 years old, this is his prime and it will boost the Hornets team if he could lead the way for a playoffs game.

[Dave1]

Great news for Terry Rozier, he had an amazing season with the Hornets, he got rewarded.

Terry Rozier, Hornets Agree on 4-Year, $97M Max Contract Extension

The Charlotte Hornets have reached an agreement with guard Terry Rozier on a four-year, $97 million maximum contract extension through the 2025-26 NBA season.

Aaron Turner, Rozier's agent, confirmed the deal to Shams Charania of Stadium and The Athletic.

It's nice that he did not play with the Celtics anymore because he will not get that kind of contract.

I think he already knew that he won't be a star in Celtics. It's too crowded with Tatum, Smart and Brown. So that's a good move that he goes to Charlotte and then show his talent that's why he was reward with that good contract, as compare with his team mates with the Celtics.

As for Cade Cunningham being paid in bitcoin, yes that is really a good news and it could really set a trend in the NBA in the future, with players readily accepting it as salary.

[xzone]

Anybody talking about how Cade Cunningham the NBA’s #1 draft pick is getting paid his signing bonus 100% in Bitcoin through a partnership with BlockFi? That’s nuts… I can’t believe that this sort of thing is becoming normalized in professional sports. I hope he makes a ton of cash and becomes a major ally in crypto. Certainly others will be following in his footsteps.

This is truly incredible. A few years ago we used to talk about whether such news about bitcoin could be true. We are living it now.
It's nice to see things like getting a salary, making contracts, paying with bitcoin.
With this deal, he will have earned much more money than many players in the NBA

[Botnake]

Anybody talking about how Cade Cunningham the NBA’s #1 draft pick is getting paid his signing bonus 100% in Bitcoin through a partnership with BlockFi? That’s nuts… I can’t believe that this sort of thing is becoming normalized in professional sports. I hope he makes a ton of cash and becomes a major ally in crypto. Certainly others will be following in his footsteps.

This is truly incredible. A few years ago we used to talk about whether such news about bitcoin could be true. We are living it now.
It's nice to see things like getting a salary, making contracts, paying with bitcoin.
With this deal, he will have earned much more money than many players in the NBA

They'll earn big money if bitcoin will pump and they will cash out, however, I think they will not go all in, just like a typical investor, learning how to manage the risk is very important and we can't considering holding bitcoin as a way of saving money, if I'm a player, I would go for 70/30, 70% fiat and 30% in bitcoin considered for long term hold.

[carlisle1]

Anybody talking about how Cade Cunningham the NBA’s #1 draft pick is getting paid his signing bonus 100% in Bitcoin through a partnership with BlockFi? That’s nuts… I can’t believe that this sort of thing is becoming normalized in professional sports. I hope he makes a ton of cash and becomes a major ally in crypto. Certainly others will be following in his footsteps.

Well, crypto companies are going big for their advertisement and partnerships with the sports business, which kinda good thing for us all in crypto space as it gives Bitcoin and Cryptocurrency an exposure for a possible additional adoption.

This is gonna be a win-win situation for the Rookie as he were able to make "pretty decent amount of Bitcoin" (I'm quite sure it's a big amount). He can just hold it and come back when Bitcoin hits a 6 digit figure.
I've seen a few athletes in different sports who were receiving crypto as their bonuses and as a few percentage of their salary.

I wouldn't be surprised if NBA players or other athletes have the opportunity to receive a full salary in crypto after few years. However, receiving crypto even as a bonus might be an ambiguous decision at the moment, especially for those athletes who don't fully understand the basics of cryptocurrencies. I mean, athletes should know how it works, and they also should be prepared for the fact that there is high volatility in the market.

The players should have the fundamentals if they'll going to allow receiving Bitcoin as their payment.

Without any idea with this environment they might hurt this market once volatility hits them.
Volatile nature means risk to their money, though it's a good progress.

Although it's no longer small community but a wider one that continue to bring more investors and
for sure NBA stars already have an idea about this market.

[Questat]

It's nice that he did not play with the Celtics anymore because he will not get that kind of contract.

I agree with you. I also doubt there will be a team that will offer him that kind of contract. I appreciate that the Hornets see his worth. There is no other point guard that is fit with the Hornet's system but Rozier.

But that shouldn't stop there. Hornets is still considered as a non-competitive team on their conference. If they can grant that kind of contract, they should try to sign a big name as much as possible.

They should because every team wants to win a championship. I have not heard any more news regarding the signing of new players for the hornets team, but maybe they will take it one step at a time, get into the playoffs first, then everything will follow, they still have Ball who had an amazing last season.

[arwin100]

It's nice that he did not play with the Celtics anymore because he will not get that kind of contract.

I agree with you. I also doubt there will be a team that will offer him that kind of contract. I appreciate that the Hornets see his worth. There is no other point guard that is fit with the Hornet's system but Rozier.

But that shouldn't stop there. Hornets is still considered as a non-competitive team on their conference. If they can grant that kind of contract, they should try to sign a big name as much as possible.

They should because every team wants to win a championship. I have not heard any more news regarding the signing of new players for the hornets team, but maybe they will take it one step at a time, get into the playoffs first, then everything will follow, they still have Ball who had an amazing last season.

For so many season pass Hornets didn't make any huge moves signing big stars on their team, I don't know if they are out of budget or maybe their scouts/management is not good on doing on recruiting a superstars which can help their team to  get  a good run on the finals, But if they keep their current rooster and make only a small move maybe we cannot see them on playoffs since as of now many teams are doing a good job for building their team and acquiring big names in the league.

[Pamadar]

It's nice that he did not play with the Celtics anymore because he will not get that kind of contract.

I agree with you. I also doubt there will be a team that will offer him that kind of contract. I appreciate that the Hornets see his worth. There is no other point guard that is fit with the Hornet's system but Rozier.

But that shouldn't stop there. Hornets is still considered as a non-competitive team on their conference. If they can grant that kind of contract, they should try to sign a big name as much as possible.

They should because every team wants to win a championship. I have not heard any more news regarding the signing of new players for the hornets team, but maybe they will take it one step at a time, get into the playoffs first, then everything will follow, they still have Ball who had an amazing last season.

They are not titled contender yet, with the squad that they've formed it take one step

Bringing them to the playoff might be a good first step, acquiring fans' trust and start working with big stars to add up to their lineup.

Every team wants to win a title and for sure they also want one. It takes some time to allocate budget.
and open up good space for star caliber player/s to play with them and help them achieve this goal.

[Questat]

It's nice that he did not play with the Celtics anymore because he will not get that kind of contract.

I agree with you. I also doubt there will be a team that will offer him that kind of contract. I appreciate that the Hornets see his worth. There is no other point guard that is fit with the Hornet's system but Rozier.

But that shouldn't stop there. Hornets is still considered as a non-competitive team on their conference. If they can grant that kind of contract, they should try to sign a big name as much as possible.

They should because every team wants to win a championship. I have not heard any more news regarding the signing of new players for the hornets team, but maybe they will take it one step at a time, get into the playoffs first, then everything will follow, they still have Ball who had an amazing last season.

They are not titled contender yet, with the squad that they've formed it take one step

Bringing them to the playoff might be a good first step, acquiring fans' trust and start working with big stars to add up to their lineup.

Every team wants to win a title and for sure they also want one. It takes some time to allocate budget.
and open up good space for star caliber player/s to play with them and help them achieve this goal.

They had Gordon Hayward who was a star player back in the Utah Jazz, but when he got injured, his production has gone down and I think he is not enough to carry the team to the championship. If ever they'll reach the playoffs, I would not expect they'll be in the conference finals, winning the first round is already a big success for them.

[rhomelmabini]

Anybody talking about how Cade Cunningham the NBA’s #1 draft pick is getting paid his signing bonus 100% in Bitcoin through a partnership with BlockFi? That’s nuts… I can’t believe that this sort of thing is becoming normalized in professional sports. I hope he makes a ton of cash and becomes a major ally in crypto. Certainly others will be following in his footsteps.

Sauce please! I think that's what we call "NBAdoption" from cryptocurrencies. Worth to note this young rookie as he's making history from here on out. This is just the beginning of more adoption of other players and even just recently Houston Rockets was in partnership with Chiliz (I just don't know if it was shared right here but it was a huge stepping stone too). Here's the announcement if ever it doesn't crossed in this thread: https://medium.com/chiliz/rockets-announce-partnership-with-socios-com-884ecfe9b987

[cryptomaniac_xxx]

Anybody talking about how Cade Cunningham the NBA’s #1 draft pick is getting paid his signing bonus 100% in Bitcoin through a partnership with BlockFi? That’s nuts… I can’t believe that this sort of thing is becoming normalized in professional sports. I hope he makes a ton of cash and becomes a major ally in crypto. Certainly others will be following in his footsteps.

This is truly incredible. A few years ago we used to talk about whether such news about bitcoin could be true. We are living it now.
It's nice to see things like getting a salary, making contracts, paying with bitcoin.
With this deal, he will have earned much more money than many players in the NBA

Remember when Giannis was ask about what he do for a living? and he answer "Bitcoin"?

https://www.youtube.com/watch?v=n3MxfIXXexY

Pretty sure that bitcoin is already a buzz word in the NBA so I'm not going to be surprised by Cunnigham's decision to be paid his signing bonus with bitcoin. Yes, this could be the norm on any professional athletes moving forward.

[Yogee]

...

It's not that the Hornets see is worth more than they have to overpay players to draw interest.

It's not the talent but what he could represent. Damn what an unfortunate way to get a good pay hehehe.

I barely remember him but wasn't he the player the Heat bought just so they can convince Lebron to re-sign?

[danherbias07]

Anybody talking about how Cade Cunningham the NBA’s #1 draft pick is getting paid his signing bonus 100% in Bitcoin through a partnership with BlockFi? That’s nuts… I can’t believe that this sort of thing is becoming normalized in professional sports. I hope he makes a ton of cash and becomes a major ally in crypto. Certainly others will be following in his footsteps.

Sauce please! I think that's what we call "NBAdoption" from cryptocurrencies. Worth to note this young rookie as he's making history from here on out. This is just the beginning of more adoption of other players and even just recently Houston Rockets was in partnership with Chiliz (I just don't know if it was shared right here but it was a huge stepping stone too). Here's the announcement if ever it doesn't crossed in this thread: https://medium.com/chiliz/rockets-announce-partnership-with-socios-com-884ecfe9b987

Love the sound of it. NBAdoption. Nice. Yeah, we should put a big open and close quotation on that. "A rookie trying to be paid in a different option."
Not all have that kind of guts to put their money at risk. He must have done his homework on how bitcoin works and I hope it's not just because of the volatility.
If more players will keep on doing the same thing since they are paid in high amount of dollars, this could be a new target on where bitcoin will be good at.
Million of dollars contracts, basketball or even at NFL.

[Yaunfitda]

Anybody talking about how Cade Cunningham the NBA’s #1 draft pick is getting paid his signing bonus 100% in Bitcoin through a partnership with BlockFi? That’s nuts… I can’t believe that this sort of thing is becoming normalized in professional sports. I hope he makes a ton of cash and becomes a major ally in crypto. Certainly others will be following in his footsteps.

This is truly incredible. A few years ago we used to talk about whether such news about bitcoin could be true. We are living it now.
It's nice to see things like getting a salary, making contracts, paying with bitcoin.
With this deal, he will have earned much more money than many players in the NBA

They'll earn big money if bitcoin will pump and they will cash out, however, I think they will not go all in, just like a typical investor, learning how to manage the risk is very important and we can't considering holding bitcoin as a way of saving money, if I'm a player, I would go for 70/30, 70% fiat and 30% in bitcoin considered for long term hold.

I think young NBA players are wise now, as to compare to like 5-10 years ago wherein rookie or even experience NBA players lost their money because they don't know how and where to invest their millions when they are beginning their career. So perhaps they have now investment advisor to help them out specially with regards to holding bitcoin and the risk involved.

No news yet on Ben Simmons isn't it?

[ChiBitCTy]

It's going to be interesting seeing Golden State playing this year having everyone back and healthy.  I at least hope that Klay is back and healthy, not having him on the team is such a bummer, of course not just for the Golden State Warriors but for NBA fans.  Him and Curry are such unbelievable shooters, it's just so fun watching them do there thing night in and night out ( even if I can't stand Curry and his cockiness, he's amazing).

I am curious how it will go this year for them.  The league has had some time to adjust to the new shooter's paradise NBA and the Warriors have lost a lot of main pieces while Draymond is very much on the downhill slide of his career.  I'm sure they'll come back strong and be a lock for the playoffs, but I don't see them as a contender.  Wiseman would have to develop very quickly in order for that to happen.  I suspect we'll see some trading or free agent signing before the season starts for them, but I'd be surprised if they get further than the second round of the playoffs this coming year.  No matter what though, it'll be great to see the splash brothers back together again.

This is exactly what I am really interested in seeing.  I'm not sure there is even any debate at all that these two guys are the best shooting tandem to ever play in the NBA and it's hard to imagine there ever being a better one.  That being said, they don't seem to have much talent size wise outside of Draymond Green and like you said he's getting older. 

Anybody talking about how Cade Cunningham the NBA’s #1 draft pick is getting paid his signing bonus 100% in Bitcoin through a partnership with BlockFi? That’s nuts… I can’t believe that this sort of thing is becoming normalized in professional sports. I hope he makes a ton of cash and becomes a major ally in crypto. Certainly others will be following in his footsteps.

Yeah this is very cool.  This kind of exposure for bitcoin is surely only going to help with it's mass adoption.  They also have a deal with Trevor Lawrence.  I'm not sure if he did the exact same thing with his bonus but I believe it's something similar.  Crazy stuff!

[rhomelmabini]

Anybody talking about how Cade Cunningham the NBA’s #1 draft pick is getting paid his signing bonus 100% in Bitcoin through a partnership with BlockFi? That’s nuts… I can’t believe that this sort of thing is becoming normalized in professional sports. I hope he makes a ton of cash and becomes a major ally in crypto. Certainly others will be following in his footsteps.

Sauce please! I think that's what we call "NBAdoption" from cryptocurrencies. Worth to note this young rookie as he's making history from here on out. This is just the beginning of more adoption of other players and even just recently Houston Rockets was in partnership with Chiliz (I just don't know if it was shared right here but it was a huge stepping stone too). Here's the announcement if ever it doesn't crossed in this thread: https://medium.com/chiliz/rockets-announce-partnership-with-socios-com-884ecfe9b987

Love the sound of it. NBAdoption. Nice. Yeah, we should put a big open and close quotation on that. "A rookie trying to be paid in a different option."
Not all have that kind of guts to put their money at risk. He must have done his homework on how bitcoin works and I hope it's not just because of the volatility.
If more players will keep on doing the same thing since they are paid in high amount of dollars, this could be a new target on where bitcoin will be good at.
Million of dollars contracts, basketball or even at NFL.

Well, thanks for that compliment. It looks like the guy was not just into basketball but he's into making money or marketing himself. From this source, he's not just into shoe deals but there are lot of things he wants to get involved and I think the deal with him and BlockFi is surely a win-win scenario and BlockFi would only get some traffic here.

I think we all do love this rookie even right now, I'm projecting this is kind of wise move of him, he's got an IQ on and off the court.

[jostorres]

Anybody talking about how Cade Cunningham the NBA’s #1 draft pick is getting paid his signing bonus 100% in Bitcoin through a partnership with BlockFi? That’s nuts… I can’t believe that this sort of thing is becoming normalized in professional sports. I hope he makes a ton of cash and becomes a major ally in crypto. Certainly others will be following in his footsteps.

This is truly incredible. A few years ago we used to talk about whether such news about bitcoin could be true. We are living it now.
It's nice to see things like getting a salary, making contracts, paying with bitcoin.
With this deal, he will have earned much more money than many players in the NBA

The new Z generation is doing this in bunches, they do not see any problem with crypto, elder generation feels a bit insecure about it because they are not sure what is going to happen with it and that is understandable because they lived 50+ years without crypto at all and they are not sure if they trust it or not.

However the reality is that these kids who are 18-19 year olds have seen bitcoin existed during half of their lives, they were 8-9 years old when bitcoin was created, and it grew so much larger when they were teenagers as well, when they were 15 or so bitcoin had a super increase, and when they were 17-18 years old it had another super increase this year as well. So they have seen it during their young lives. Plus Dinwiddie from Nets turned his salary into bitcoin once as well, so not like this is the first time it happened neither.

[Fredomago]

The new Z generation is doing this in bunches, they do not see any problem with crypto, elder generation feels a bit insecure about it because they are not sure what is going to happen with it and that is understandable because they lived 50+ years without crypto at all and they are not sure if they trust it or not.

However the reality is that these kids who are 18-19 year olds have seen bitcoin existed during half of their lives, they were 8-9 years old when bitcoin was created, and it grew so much larger when they were teenagers as well, when they were 15 or so bitcoin had a super increase, and when they were 17-18 years old it had another super increase this year as well. So they have seen it during their young lives. Plus Dinwiddie from Nets turned his salary into bitcoin once as well, so not like this is the first time it happened neither.

And that they also know how cash app works and how PayPal accepts Bitcoin. Those are the facts that these young generations know well that crypto exists and they've got lots of opportunities to maximize it.

With how those crypto gambling sites sponsoring other sports venues, the acceptance of this industry is better now.

Besides, this signing bonus can treat as an investment he can just keep it as Bitcoin and who knows if how many folds he might gained
after some years of keeping it safe from his wallet.

[Kelvinid]

Besides, this signing bonus can treat as an investment he can just keep it as Bitcoin and who knows if how many folds he might gained
after some years of keeping it safe from his wallet.

The value will certainly rise in the long run because we will be seeing a real adoption that less manipulation would only be happening, for now, market volatility is still high but as people get more matured about crypto, they would not easily panic and we will see more payment usage of crypto. NBA players do not need to spend their bitcoin as they are making good money from the sports, this signing bonus he received could be his retirement fund if he holds it long enough.