Sacramento Kings to offer employees the option of being paid in bitcoin

The Sacramento Kings franchise announced last week that they’ll be offering bitcoin as a salary option for everyone who works for the organisation.

Sacramento Kings CEO and governor Vivek Ranadivé made the announcement during a Clubhouse session called the “Satoshi Roundtable”, having been invited to join by venture capitalist Tim Draper.

Ranadivé said: “I’m going to announce in the next few days that I’m going to offer everyone in the Kings organisation, they can get paid as much of their salary in bitcoin as they want, including the players.”

Neil Jacobs, a Bitcoin enthusiast present in the Clubhouse room tweeted the announcement, too.

BREAKING: Chairman of the Sacramento Kings:

“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.” – @vivek@SacramentoKings
@NBA

— Neil Jacobs (@NeilJacobs) April 5, 2021

It’s clear the Kings are no newcomers in the crypto space at all – they accepted bitcoin as payment back in 2014 and even started mining crypto in 2018. In 2019, the NBA franchise released the “Kings Token” designed to reward fans who engaged with the team.

Mark Cuban’s Dallas Mavericks are reportedly also dabbling in crypto. Who’s next?