Tom Brady was reportedly paid $55 million by Sam Bankman-Fried for FTX promoting

Morning Sports activities Replace

Writer Michael Lewis mentioned Brady’s function within the cryptocurrency trade previous to its downfall. Bankman-Fried is now on trial for fraud and cash laundering.

Tom Brady Sam Bankman-Fried
Tom Brady was reportedly paid $55 million by FTX and Sam Bankman-Fried. Picture by Maddie Meyer/Getty Photographs

Tom Brady, Sam Bankman-Fried, and FTX: Forward of the trial of former FTX founder and CEO Sam Bankman-Fried — who faces seven federal indictments pertaining to fraud and cash laundering — Tom Brady’s title was as soon as once more entrance and middle within the multibillion-dollar cryptocurrency scandal that first emerged in late 2022.

Throughout Sunday’s episode of “60 Minutes” on CBS, writer Michael Lewis mentioned his guide about Bankman-Fried, “Going Infinite: The Rise and Fall of a New Tycoon.”

In accordance with Lewis, Bankman-Fried paid athletes extraordinary sums of cash in return for promoting and endorsements. Brady, who appeared in a number of commercials pitching FTX between 2021 and 2022, acquired the biggest share.

“He paid Tom Brady $55 million for 20 hours [of work] a yr for 3 years,” Lewis advised “60 Minutes.”

Lewis famous that Warriors guard Stephen Curry was paid $35 million for the same association.

“It’s breathtaking, what’s on that record,” Lewis mentioned of the FTX inner advertising doc he says he noticed.

Lewis speculated that Brady had a great relationship with Bankman-Fried, regardless of their obvious variations.

“Tom Brady I feel adored him,” Lewis mentioned of Brady’s view of the now-disgraced FTX founder. “I feel Tom Brady thought he was a extremely fascinating individual. I feel he preferred to listen to what he needed to say.”

“It was humorous to observe that interplay,” Lewis mentioned of Brady and Bankman-Fried, who he described as not being a “massive sports activities individual.”

After Bankman-Fried was accused of being a fraud (and FTX collapsed), Lewis mentioned that Brady was “crushed” by the information.

“I feel as time has passed by,” Lewis added, “and [Brady’s] ceased to get a extremely good rationalization about what’s occurred — I feel he’s identical to, ‘He tricked me. I’m indignant. I don’t wanna have something to do with it anymore.’”

Brady is amongst a number of celebrities who’re the topic of a class-action lawsuit filed in Florida in Dec. 2022, accusing the group — an inventory that features Brady, his now ex-wife Gisele Bündchen, Curry, Shaquille O’Neal, Larry David, and others — of not performing “any due diligence previous to advertising these FTX merchandise to the general public,” per a New York Occasions report in July.

The sooner Occasions report additionally differed from Lewis’s account, noting that FTX paid Brady $30 million, “a deal that consisted nearly completely of FTX inventory.” Bündchen reportedly acquired $18 million in FTX inventory, a commodity that’s now basically nugatory following the revelations in regards to the cryptocurrency trade.

Bankman-Fried’s trial will get underway in a Manhattan federal courtroom on Tuesday, wherein the 31-year-old may face a most sentence of 110 years in jail.

Scores and schedule:

The Bruins misplaced to the Flyers 3-1 in Monday’s preseason sport. Boston performs two extra preseason contests (together with one tonight in opposition to the Rangers at 7 p.m.) earlier than starting the common season on Oct. 11 in opposition to Chicago at TD Backyard.

On Wednesday, the Revolution will host Columbus Crew in a sport that may assist decide Jap Convention playoff seeding. It’s set to kick off at 7:30 p.m.

Extra from Boston.com:

Crimson Sox tributes to Tim Wakefield: The workforce added his quantity 49 to the scoreboard, certainly one of many, many tributes paid to Wakefield throughout Crimson Sox nation.

On today: In 1990, the Crimson Sox had been one out away from clinching the American League East title on the ultimate day of the season. Standing of their method was a possible ninth inning rally from the White Sox.

With Chicago outfielder Sammy Sosa standing on second base (and pinch runner Rodney McCray on first), shortstop Ozzie Guillen turned on a Jeff Reardon fastball, sending it ominously in direction of truthful territory close to Fenway Park’s “Pesky Pole” in proper subject.

Fortunately for the Crimson Sox (and the hundreds of anxious followers watching), Boston outfielder Tom Brunansky made an important learn on the ball because it jumped off of Guillen’s bat. He sprinted into the nook earlier than making a sliding catch to get the final out.

Similar to that, the Crimson Sox had been champions of the AL East for the third time in 5 years (profitable the sport 3-1), with Sean McDonough making an important name on the tv broadcast.

Day by day spotlight: Seahawks rookie cornerback Devon Witherspoon took a Daniel Jones interception 97 yards for a landing throughout Seattle’s win on Monday Evening Soccer.


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