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NFL star Odell Beckham Jr.’s (OBJ) decision to take his $750,000 salary in Bitcoin (BTC) appears to have cost him dearly due to the market crash after he signed the deal. Owing to the vagaries of cryptocurrency tax laws and current prices, OBJ is estimated by some to have made 61% less than if he’d taken his salary in fiat. The loss has highlighted the tax complications from receiving a salary or yield in cryptocurrency, as crypto investors have to pay tax on the amount it’s worth when it was received, not what it’s worth when they lodge their tax return. On Nov. 12 last year, OBJ signed a one-year deal with the Los Angeles Rams worth $750,000. In a promotional Twitter post partnered with CashApp, OBJ announced that he would be receiving 100% of his $750,000 yearly salary in Bitc...
HipHopWired Featured Video Source: Jason Miller / Getty One of the National Football League’s most high profile wide outs is coming to the west coast. The Los Angeles Rams have signed Odell Beckham Jr. As spotted on NFL.com the Baton Rouge, Louisiana native is taking his talents to the city of angels. Ten days after trading for outside linebacker Von Miller, the Rams have agreed to terms with wide receiver Odell Beckham Jr. Beckham, 29, most recently was with the Browns, where he tallied 114 receptions for 1,586 yards and seven touchdowns in 29 games. Including the five seasons he spent with the Giants at the beginning of his NFL career, the former 2014 first-round pick has amassed 504 receptions for 7,062 yards and 51 touchdowns in 88 career games through eight NFL seasons. Ram...
Source: Chris Graythen / Getty The NFL season has barely seen the opening of training camp and already players have begun to opt out of the season out of concerns of the Coronavirus, but Odell Beckham Jr. doesn’t want to simply opt out, he feels the season should be canceled entirely. In an interview with the TMZ, the talented and sometimes disgruntled superstar wide receiver for the Cleveland Browns expressed his concern going into training camp and floated the idea that 2020 be the first football-less year in decades. “I just feel like the season shouldn’t happen,” the Cleveland Browns star told WSJ. Magazine… “and I’m prepared for it to not happen and I wouldn’t mind not having it.” It’s important to note the WSJ interview took place just before...