Sacramento Kings offers Bitcoin as salary option to its players

bitcoin

The Sacramento Kings are set to become the first major sports franchise to offer a bitcoin payment option to all players and staff, team chairman Vivek Ranadivé said on Clubhouse.

CoinDesk confirmed with a fellow speaker on the Clubhouse program, which was hosted by Tim Draper, that Ranadivé had previewed his announcement scheduled for later this week. News of the announcement first circulated on Twitter.

The move would strengthen the Kings’ longstanding claim to being one of the most crypto-forward teams in professional sports.

The California NBA team began selling everything from tickets to hot dogs for bitcoin in 2014 and in 2019 launched rewards token for fans.

It was unclear at press time how the Kings will facilitate bitcoin payments to players and staff. It partnered with BitPay for the 2014 offering.

NFL player Russell Okung made headlines late last year for becoming the first NFL player to convert some of his $13 million salary into bitcoin. Okung used Zap’s Strike product to convert dollars to BTC.

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