Mathematical Puzzle

A 15-year footballer John was offered a contract with a club name “Football” that if he will practice 1 hour extra after school he will be offered 11$ after every week.
John, however, suggested an alternative paid method in which
He will be paid just a penny on his first day.
Two pence will be paid on the second day,
Four pence will be paid on the third day.
And so on till 11th day.

Should the club accept the offer of John ?