CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
    • Spanish
    • Turkish
    • German
    • Bulgarian
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • CryptoPotato Spanish
  • CryptoPotato Turkey
  • CryptoPotato Germany
  • CryptoPotato Bulgaria
  • Market Updates
  • BTC Analysis
  • ETH Analysis
  • XRP Analysis
  • Interviews
CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
    • Spanish
    • Turkish
    • German
    • Bulgarian
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • CryptoPotato Spanish
  • CryptoPotato Turkey
  • CryptoPotato Germany
  • CryptoPotato Bulgaria
Home » Crypto News » Sacramento Kings’ Players to Receive Salaries in Bitcoin, Said the Team’s Owner

Sacramento Kings’ Players to Receive Salaries in Bitcoin, Said the Team’s Owner

Author: Jordan Lyanchev

Last Updated Apr 6, 2021 @ 07:49

Employees and players of the NBA giant – the Sacramento Kings – would be able to receive as much of their salary in BTC as they want, said the team’s owner.

Getting your audio player ready...

Bitcoin continues to dig its way into the National Basketball Association (NBA) as the Sacramento Kings have doubled down on their support. The team’s Chairman and CEO, Vivek Ranadivé, informed earlier in a Clubhouse appearance that everyone in the organization could start receiving their salaries in BTC soon.

Bitcoin Dribbles into the Kings’ Salaries

Based in Sacramento, California, the Sacramento Kings are a US professional basketball team and a member of the Western Conference Pacific Division. The organization has shown a pro-Bitcoin approach for years as it was the first NBA team to introduce BTC as a means of payment for tickets and merchandise in 2014.

During a recent Clubhouse appearance reported by Forbes, the Kings’ CEO, Chairman, and Governor, Vivek Ranadivé, announced another major milestone in connection to the primary cryptocurrency.

He said that all employees in the organization could soon start choosing whether they would like to receive their salaries in the form of bitcoin instead of the dollar.

“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.”

Another NBA-bitcoin endeavor occurred last year when the Brooklyn Nets’ Spencer Dinwiddie raised $25 million in BTC from fans and allowed them to pick his next team.

The first-ever cryptocurrency has also made its way into another popular sport in the US – the NFL. Carolina Panthers’ Russell Okung receives half of his salary in bitcoin through a partnership Zap.

Mavericks and Dogecoin

The Dallas Mavericks, owned by the popular entrepreneur and crypto supporter since recently Mark Cuban, has also displayed pro-crypto behavior. The Mavs introduced BTC payments a year after the Kings – in 2015.

After a rocky relationship and a few critiques from Cuban, the team doubled down on its relationship with the cryptocurrency industry earlier this year. However, this time it wasn’t just bitcoin – it was Dogecoin.

After a massive popularity boost the meme coin received following endorsements from Tesla’s Elon Musk, Snoop Dogg, and other celebrities, the Mavs started accepting DOGE payments for tickets and merchandise.

On the question of why his team has chosen precisely Dogecoin, Cuban emphatically answered, “because we can.”

SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

Tags: Bitcoin
Enjoy reading? Share with your friends
Facebook Twitter LinkedIn Telegram

About The Author

Jordan Lyanchev
More posts by this author

Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017 and now serves as CryptoPotato's Assistant Editor-in-Chief. He has managed numerous crypto-related projects and is passionate about all things blockchain. Contact Jordan: LinkedIn

Join Our Community

FacebookX YouTubeTelegram


Editorials
How to Trade on Hyperliquid: The Ultimate Guide (Step-by-Step Walkthrough)

How to Trade on Hyperliquid: The Ultimate Guide (Step-by-Step Walkthrough)

11 Best Meme Coins to Watch in June 2025

11 Best Meme Coins to Watch in June 2025

7 Best Meme Coin Presales to Watch in June 2025

7 Best Meme Coin Presales to Watch in June 2025

Toobit Review 2025: Is Toobit a Safe Crypto Exchange?

Toobit Review 2025: Is Toobit a Safe Crypto Exchange?

Hyperliquid Bridge: How to Bridge USDC to Hyperliquid

Hyperliquid Bridge: How to Bridge USDC to Hyperliquid

11 Best Crypto Presales to Consider in June 2025

11 Best Crypto Presales to Consider in June 2025

Need for Speed – Only Ultra-Fast Blockchains Will Win the Adoption Race (Opinion)

Need for Speed – Only Ultra-Fast Blockchains Will Win the Adoption Race (Opinion)

Join Our Newsletter
Become a CryptoPotato VIP
One Weekly Email Can Change Your Crypto Life.
Sign-up FREE to receive our extended weekly market update and coin analysis report
We NEVER send spam. You can unsubscribe at any time.
Invalid email address
Thanks for subscribing!
Footer Logo
About
Advertise on CryptoPotato
About Us | Contact Us | Careers
Editorial Policy
Terms of service | Privacy Policy | GDPR
More Sections
IEO List | Evaluations
Airdrops
Scholarship
Disclaimer
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
© Copyright CryptoPotato 2016 - 2025
Scroll to top
One Daily Email Can Change Your Crypto Life.

Sign-up FREE to receive our extended daily market update and coin analysis report

We never send SPAM. You can unsubscribe at any moment
Invalid email address
Thanks for subscribing!