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Odell Beckham Jr. made one of the best decisions of his life, joining the Los Angeles Rams after he was released by the Browns mid-way through the season.
The Los Angeles Rams are headed to the Super Bowl following their 20-17 victory over division rivals the San Francisco 49ers, and Odell Beckham Jr. made a lot of bonus money along the way.
With the AFC championship victory over the 49ers, Beckham Jr. netted a $750,000 bonus. A week ago, Beckham Jr. netted another $750,000 bonus with a divisional round victory over the Buccaneers. That's $1.5 million extra in bonus money within the last two weeks for advancing. If we go back another week before that, Beckham Jr. earned a $500,000 bonus with a wild card victory over the Cardinals.
Beckham Jr. has earned a total of $2,000,000 in bonus money for his three playoff victories with the Rams. For making each round of the playoffs, he reeled in an extra $150,000 that doesn't include winning bonuses. Beckham Jr. has a chance of making an additional $1,000,000 with a Super Bowl victory. The superstar wide-receiver has been paid on his way to the Super Bowl.
Beckham signed his contract in bitcoin money
Beckham's deal with the Rams was ultimately a one-year, $1.25 million deal with a $750,00 base salary and up to $3 million in incentives, all of which revolve around team playoff success.
Beckham Jr. agreed to get paid his $750,000 base salary in bitcoin money. At the time, many applauded him for this, thinking it would be a smart business move. Fast forward a little over two months, and it's proved costly thus far.
On November 12th when Beckham Jr. signed his contract and converted his money into Bitcoin when it was worth $64,293. Just a week ago, it fell to $35,400. His deal would then be worth $412,953, nearly $350,000 less. On top of that, federal and CA state tax will be 50.3 %.
Now we're not entirely sure if his bonus money from the playoffs will be paid in bitcoin or not, but either way, it helps that he's made over $2 million so far in the playoffs. all in bonuses. Who knows, maybe in a month or two, bitcoin's value will go back up and maybe his contract money will be worth more than the $750,000.
