This artical is first shown on marketwatch
Tampa Bay Buccaneers star quarterback Tom Brady is giving a fan one bitcoin
in exchange for his 600th career touchdown ball.
Brady threw the record-setting touchdown last Sunday — no NFL player had ever thrown for 600 touchdowns — but the wide receiver who caught the pass, Mike Evans, had not realized the ball was record-setting for Brady and gave the ball to a fan in the stands.
After the team realized the importance of the ball, the TV broadcast caught Buccaneers officials negotiating with the fan to get the ball back.
The ball obviously carries great value, and Brady addressed the situation during ESPN’s Monday Football simulcast.
“I got the ball back,” Brady told Peyton and Eli Manning. “There was a lot of negotiation in order to get the ball back.”
Byron Kennedy, the fan who caught the ball, will receive two Brady-signed jerseys, a signed helmet, a signed Evans jersey and his game cleats, $1,000 worth of store credit at the Buccaneers teams store and season tickets for two seasons, according to the Tampa Bay Times.
“I am also giving him a bitcoin, which is pretty cool too,” Brady went on to say. “At the end of the day, I still think he’s making out pretty well.”
Brady took an equity stake in cryptocurrency exchange FTX earlier this year and based on this tweet, it’s possible that the exchange helped contribute the crypto gift to the lucky fan:
“Hey @FTX_Official, let’s make a trade…Let’s get this guy a Bitcoin,” Brady tweeted out on Monday.
Cryptocurrency has been getting more popular among NFL players over the past 18 months — running back Saquon Barkley says he is accepting all future endorsements in bitcoin, and No. 1 NFL draft pick Trevor Lawrence signed a deal with crypto portfolio app Blockfolio and was paid in a mix of bitcoin, ethereum
But did the fan make a good trade? Not exactly.
It’s estimated that the memorabilia and tickets Kennedy received has a value of approximately $36,000 and bitcoin prices were just shy of $63,000 as of Tuesday morning. Roughly $100,000 in total value is not bad for a ball that Kennedy only owned for a few minutes, but the return could have been even greater.
Ken Goldin, founder of collectibles and memorabilia auction platform Goldin Auctions, estimated Brady’s 600th touchdown ball could be worth over $500,000 in an open auction.
Kennedy appeared on NFL Network on Monday and said he doesn’t wish to renegotiate for any more compensation, but suggested with a smile that he wouldn’t mind “playing a round of golf with Tom.”
This artical is first shown on marketwatchAuthor on date 2021-10-26 16:53:00
MarketWatch is a website that provides financial information, business news, analysis, and stock market data. Along with The Wall Street Journal and Barron’s, it is a subsidiary of Dow Jones & Company, a property of News Corp.>