NBA’s Sacramento Kings to Pay Players and Staff Salary in Bitcoin
The Sacramento Kings is planning to offer a Bitcoin payment option to all of its players and staff. This move will make it the first major sports franchise to do so.
Last month, as we reported, American professional baseball team Oakland A’s President Dave Kaval announced that they are also adopting Bitcoin. Instead of paying its staff and players, they will accept BTC as payment on fans’ demand.
“We are believers in it,” said Kaval at the time, adding that they will be HODLing any BTC they receive.
Now, the basketball team has entered the arena as shared by team chairman Vivek Ranadivé on Clubhouse on Monday.
“I'm going to announce in the next few days that I'm going to offer everyone in the Kings organization, they can get paid as much of their salary in bitcoin as they want, including the players,” reads a tweet about the same.
This, however, isn’t Kings’ first foray into crypto, as they have been involved with cryptocurrencies since 2014 when they started selling their tickets for BTC through its partnership with BitPay. In 2019, they also launched reward tokens for their fans.