Did Odell Beckham Jr. lose any money in the crypto crash?

Did Odell Beckham Jr. lose any money in the crypto crash? A look at in-demand WR’s net worth amid crypto collapse

Odell Beckham Jr. is back in the news as he continues to visit NFL teams to make a late return in the 2022 NFL season. He is the premier free agent available and should have his pick of teams.

Yet one has to wonder if income is a concern this time around. That is because the receiver infamously lost nearly his entire 2021 salary with the Los Angeles Rams due to the crypto crash. He opted to be paid in Bitcoin, turning $750,000 into roughly $35,000.

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So is this why he is back seeking another payday?


Odell Beckham Jr.'s financial position

Los Angeles Rams Super Bowl LVI Victory Parade & Rally

The story of him accepting his Rams salary in Bitcoin went viral for all the wrong reasons. However, it was not the same as what happened to Tom Brady in the FTX collapse. Beckham's situation was strictly his Rams salary for part of the 2021 season being tied to Bitcoin. Luckily, it appears he evaded the FTX collapse.

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Online sources estimate the receiver's net worth stands at $40 million. He has earned over $82 million in the NFL, most notably thanks to the $90 million deal he inked in 2018. So while losing nearly $750,000 would be catastrophic for the average person, it was just a small percentage of the star's career earnings.

Beckham may count himself lucky for the timing of his crypto investment. While he lost money, he did not tie a massive amount of his wealth to FTX, as many other athletes did. Such losses were far worse than anything that happened to the receiver.

His secured finances allow him to continue focusing on his December return to the NFL. Teams such as the Dallas Cowboys, Buffalo Bills, and New York Giants are all in on the sweepstakes. The Giants are arguably the most intriguing option given the homecoming aspect of such a move.

The tricky part may be getting a multi-year deal. Getting a multi-year, guaranteed deal will help Beckham ensure a bad investment or two won't mean he suffers losses too steep to bounce back from.

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Edited by
Nicolaas Ackermann
 
 
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