Spencer Dinwiddie Rumors

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Spencer Dinwiddie
Spencer Dinwiddie
Position: G
Born: 04/06/93
Height: 6-6 / 1.98
Weight:200 lbs. / 90.7 kg.
Salary: $10,605,600
Brooklyn Nets guard Spencer Dinwiddie is planning to turn his contract into a digital investment vehicle and receive an upfront lump payment, The Athletic has learned, an unprecedented move for an NBA player. Dinwiddie, according to multiple sources, is starting his own company to securitize his NBA contract in the form of a digital token as he begins a three-year, $34.36 million extension with the Nets. It’s unclear how much of the contract amount he wants to raise upfront, but it would likely be less than the total amount, according to sources.
In a securitization, the borrower gives up some future income in return for a smaller lump sum payment. But the borrower, in this case Dinwiddie, then has more money to immediately invest than he otherwise would. A token is a digital currency term. The bond exists in the digital currency world. Instead of buying the bond from a broker, it is through a token. According to sources, this Dinwiddie bond would pay investors principal back and interest, which would be covered by what the Nets owe him.
The National Basketball Players Association was informed of Dinwiddie’s decision this week, sources said. While unique for the NBA, it is not the first time a pro athlete has attempted to turn his future earnings into an investment vehicle. Former NFL running back Arian Foster, then with the Houston Texans, started the process of listing himself as a private stock under a company called Fantex Inc. in 2013.
Q: What’s Spencer Dinwiddie been working on this summer? Answer [from his trainer]: A lot of 3-pointers, playing through contact, and adding a couple more finishes to his game. Last summer, we did the one-leg, one-hand scoop right off the dribble that he was pretty successful with last season. This year, we’re adding a lot of two-foot finishes a la Tony Parker because I like guards to get in the paint and finish off two (feet). You have so many different options. And a couple of hooks, we’re working on hooks as well. Because he’s going to be keyed in on a lot more this year. He’s had two good seasons, back-to-back, and his game keeps evolving…. He’s definitely going to draw more attention. So, we’re working on creating more space off the dribble, being more efficient with sidesteps and cross step separations.”
Q: Do you see Caris LeVert and Spencer Dinwiddie as good fits with Kyrie Irving because of their versatility? A: Definitely; their versatility and that they can guard multiple positions. The way the league is trending now, it’s a positionless league. You can go with those three guys, and KD, as you’re 1, 2, 3, 4. And they’re all interchangeable. All of them can bring the ball up the floor, all of them can defend multiple positions. All of them can be placed in pick and roll reads. All of them can play catch and shoot because they all can shoot the ball very well. It’s pretty dynamic. I won’t say that it’s Golden State-esque yet. But that’s what makes Golden State so special. Klay Thompson can catch and shoot, Steph Curry can catch and shoot. Kevin Durant can catch and shoot. But you can also put the ball in their hands. Back in the day, you could either catch and shoot or you’re really good at creating off the dribble. There wasn’t this combination. And then the fact that they want to get after it defensively as well, Spencer’s a really good, cerebral defender. Caris LeVert is a good defender. It can be really scary, it can be scary.