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NBA’s Sacramento Kings Makes History By Being First Professional Sports Team To Offer Players Salaries In Bitcoin

Vivek Ranadivé, chairman and CEO of Sacramento Kings, announced on Monday that all their players and staff now have the option to choose to get their salaries paid in bitcoin rather than USD. This move will make the NBA franchise the first pro sports team to offer bitcoin salaries.

Bitcoin Makes Its Way To The Sacramento Kings’ Salaries

Speaking on Clubhouse on Monday, Ranadivé revealed that all their players and staff could soon start receiving any part of their salary in bitcoin. The official announcement should be expected in the next few days, according to the chairman.

BREAKING: Chairman of the Sacramento Kings:”I’m going to announce in the next few days that I’m going to offer everyone in the Kings organization, they can get paid as much of their salary in #bitcoin as they want, including the players.” – @vivek@SacramentoKings@NBA— Neil Jacobs (@NeilJacobs) April 5, 2021The Sacramento Kings has shown the most crypto-forward approach among all other pro sports teams. Back in 2014, the NBA team partnered with payment processor BitPay to introduce BTC as a payment solution for tickets, and merchandise.

Athletes Receiving Their Salary In Crypto Is Becoming A Hot Trend In 2021

Besides the NBA, Bitcoin has also dug its way to the National Football League (NFL). Carolina Panthers’ Russel Okung announced last December that he would be receiving half of his $13 million pay in bitcoin via a partnership with Zap.

Moreover, the American basketball team the Dallas Mavericks — owned by billionaire entrepreneur and Shark Tank’s Mark …
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