31.2 F
Wednesday, January 19, 2022

    Latest Posts

    Michigan football’s Cade McNamara gets crypto in new NIL deal

    Michiganfootball quarterback Cade McNamara is getting in on the new frontier of name, image and likeness endorsements. 

    But his new deal is revolutionary. 

    More Management, a “cryptocurrency company focused on membership services, curated live experiences and digital collectibles,” announced Thursday an agreement with McNamara, the presumed starting quarterback, in which he will be paid in crypto for social media posts and personal appearances. 

    MCNAMARA STEPPING UP:How a little leadership from the QB is helping Michigan heading into 2021

    REUNITED:How Jim Harbaugh, Mike Hart teamed up to revive Michigan years after public spat

    McNamara, entering his junior season, is believed to the first college student-athlete to be compensated in a NIL deal with cryptocurrency. 

    More Management runs cryptotoken MORE, which trades on the Bittrex Exchange.

    Michigan quarterback Cade McNamara warms up before the Penn State game at Michigan Stadium in Ann Arbor, Saturday, Nov. 28, 2020.

    “Couldn’t be more excited to join MORE. I am looking forward to learning more about crypto and being part of this great organization,” McNamara said in a released statement. 

    The college sports landscape forever changed July 1 when the NCAA allowed for student-athletes to be paid by outside companies for an individual’s name, image and likeness. 

    Earlier this month another crypto company, Yummy Crypto, offered the entire Florida State football team $500 each for social media posts. 

    Latest Posts


    Don't Miss

    Stay in touch

    To be updated with all the latest news, offers and special announcements.