NBA Team Sacramento Kings to Offer Players the Option of Getting Salary Paid in Bitcoin

NBA Team Sacramento Kings to Offer Players the Option of Getting Salary Paid in Bitcoin

NBA Team Sacramento Kings to Offer Players the Option of Getting Salary Paid in Bitcoin

The American professional basketball team, the Sacramento Kings, offers all members of their organization a salary paid in bitcoins. That goes for all players, according to NBA team president Vivek Ranadive.

Sacramento Kings offer salaries in bitcoins

Sacramento Kings team president Vivek Ranadive told the clubhouse Monday that anyone in his organization can be paid in as many bitcoins as they want. Bitcoin enthusiast Neil Jacobs, who attended the club meeting, quoted Ranadive as saying:

In the coming days I will announce that I will be offering everyone in the Kings organization to get as much bitcoin salary as they want, including the players.

In January 2014, the Sacramento Kings were the first NBA team to accept bitcoin as a means of payment in the arena via Bitpay. In 2018, the team announced that it had become the first professional sports team in the world to mine cryptocurrencies as part of a charity called mining.

In addition, Kings is working with Blockparty on a blockchain-based rewards program and has partnered with CryptoKaiju to launch a physical crypto-currency suite in professional sports. It also launched the NBA’s first blockchain-based live auction platform for authentic memorabilia with Consensys and Treum.

Meanwhile, professional footballer Russell Okung is paid in bitcoins. In January, he reported receiving half of his $13 million salary from BTC.

Do you think more teams should offer players bitcoin salary? Let us know your comments in the section below.

Photo credit: Shutterstock, Pixabay, Wiki Commons, Sacramento Kings.

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