By starting offering fans everything from tickets to hot dogs in exchange for bitcoins in 2014, the Sacramento Kings are solidifying their reputation as one of the most advanced teams in professional sports.
Earlier this week, a top executive from the organization said the team plans to offer payments to team members, including their players, in bitcoin.
“I’m going to offer everyone in the Kings organization that they can get as much of their bitcoin salary as they want, including players, ”said Kings co-owner and CEO Vivek Ranadiv at Clubhouse. tweet from bitcoin enthusiast Neil Jacobs.
Despite what Ranadive said the franchise plans to do, a collective bargaining agreement between players and the league prohibits NBA teams from paying players in cryptocurrency or in any way other than cash, via live check or direct deposit, Front Office Sports reported.
When CoinDesk asked for comment, another NBA team owner, Mark Cuban, ridiculed Sacramento’s plan to pay out the Bitcoins rather than try to take them back.
“Any player can convert their income to any cryptocurrency of their choice,” Cuban told CoinDesk via email. “Paying in BTC or any other cryptocurrency doesn’t really give anything. I’d rather keep my BTC. “
Mavericks began accepting bitcoin as a payment method in 2019, and last month Kubin announced that the Mavs would be the first professional team to accept dogecoin, a meme-related cryptocurrency that started out as a joke but has gained influence thanks to such prominent supporters. like Kubin and others. Tesla CEO Elon Musk.
“The Mavericks chose to accept dogecoin as payment for Mavs tickets and merchandise for one very important, amazing reason, because we can,” Cuban said in a press release. “As far as we can, we did it. We did it because sometimes in business you need to do something fun, exciting, and hopefully generate a lot of PR. So, we’ll take Dogecoin today, tomorrow, and possibly forever. For those of you who would like to know more about dogecoin, we highly recommend that you talk to your teens who are in tik tok and ask them about it. They will be able to explain everything to you. “
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