Back in late April, Sean Culkin said he had plans to become the first NFL player to convert all of his salary to Bitcoin if he makes the the Kansas City Chiefs’ roster to begin this season.
The tight end was on tap to turn his $920,000 salary by the Chiefs and convert it into Bitcoin.
That won’t be happening now after the team released him this week.
The Chiefs signed veteran Blake Bell in free agency and then drafted another tight end, Noah Gray of Duke, in the fifth round.
“I’ve always had a lot of interest in and a passion for finance and economics from my days at Mizzou,” Culkin said in April. “Even before that, my dad was big, really bullish on gold. Early on, I was always exposed to his philosophies on what made gold an intractable investment looking at it from a macro perspective. There’s a lot of overlap between gold and Bitcoin. I really spent all of my time in the offseason the past year just hearing about this growing space in crypto. It just seemed like it was getting bigger and bigger.
“Through education and learning and having a level of conviction over the course of time, I just felt like I wanted to be compensated from my services in football in Bitcoin.”
Culkin has caught two passes for the Los Angeles Chargers and Baltimore Ravens in 19 games played in the NFL.