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Monday, April 12, 2021

Oakland A’s Discuss Paying Player Salaries in Crypto

Oakland A’s president Dave Kaval tells SportTechie that the next round of collective bargaining negotiations in Major League Baseball and other sports could include stipulations on paying players in cryptocurrency.

When asked if A’s players have expressed interest in receiving salary payments in crypto, Kaval said, “I’ve talked to some of our players, and yes they are. I wouldn’t be surprised that in the next CBA, you might see that as a topic. One of the bargaining points might be receiving payment in crypto. That negotiation is just starting in baseball, but you have that happening in other sports too.”

Earlier this season, the A’s became the first MLB club to complete a cryptocurrency transaction by selling a full-season suite to digital asset trading platform Voyager for one Bitcoin. The suites sell for $65,000, roughly equivalent to Bitcoin’s current price of almost $60,000.

RoyalsRetro (AG#1F) Posted: April 12, 2021 at 11:50 AM | 39 comment(s)
  Beats: athletics, cryptocurrencies

 

 

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