NBA Rumor: Spencer Dinwiddie Free Agency

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Spencer Dinwiddie to Wizards not a done deal

Over the last few days, one of the hottest free-agency rumors around the NBA involved Spencer Dinwiddie joining the Washington Wizards via a sign-and-trade. There were numerous reports that mentioned Dinwiddie’s interest in joining the Wizards. However, on “The Alex Kennedy Podcast,” Jake Fischer of Bleacher Report discussed why Dinwiddie to the Wizards is far from a guarantee at this point. “There’s starting to be some speculation about how legitimate that buzz has been,” Fischer mentioned early in the episode.

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explained why the Brooklyn Nets could throw a wrench in their plan. “It came really strong over the weekend; I know Shams Charania and Fred Katz also reported it at The Athletic, so it clearly got around the league and is something that’s been rumored and talked about,” Fischer said. “But I’m not so sure if it’s entirely happening right now. It doesn’t sound like there’s much interest from Brooklyn in this current state to take back Kyle Kuzma or Montrezl Harrell in a sign-and-trade, and that’s a necessary piece that would have to happen in order for Washington to get Spencer Dinwiddie at a number that is more than the mid-level… I just don’t think the book is shut and the chapter is closed on Spencer Dinwiddie to Washington. But I do still think there’s absolutely mutual interest.”

Raptors to join race for Spencer Dinwiddie?

Sources say to keep an eye on 28-year-old free agent Spencer Dinwiddie, who missed most of last season with a torn ACL but averaged 20.6 points per game in 2019-20. The Wizards are above the salary cap but could try to negotiate a sign-and-trade with Dinwiddie’s incumbent team, the Nets. The other pieces from the Westbrook trade, Harrell and Kuzma alone, would not be enough for Brooklyn to accept a Dinwiddie deal, according to a source. Dinwiddie is expected to receive interest from several teams, including the Nets, Knicks, Heat and Raptors, sources said.

Spencer Dinwiddie staying in Brooklyn if he gets a $125 million offer?

During an interview with Howard Beck of Sports Illustrated, Dinwiddie revealed exactly what it will take for him to re-sign with the Nets. Given that the Nets have his Bird rights and could thus sign him to a five-year deal, as opposed to the max of four years that other teams can offer, Dinwiddie said that a five-year deal in the $125 million range would likely keep him in Brooklyn. “Now, for all the fans that think because I opted out I have to leave or something like that, no, this is very much in the Nets’ hands, you feel me?” Dinwiddie said. “I think my full max is like five [years], $196 [million] or something like that. And nobody’s sitting here saying I’m going to get five [years], $196 [million] — so before anybody tries to kill me, nobody’s saying that.

“But the Nets have the ability to do something that other people can’t. If they come to the table like that, and they’re being aggressive and are saying, ‘Hey we got five [years], $125 [million] for you,’ I would say there’s a high likelihood that I go back to the Nets, you know what I mean? But if they don’t come to the table like that, and they’re like ‘Oh, we’re going to give you a three for 60,’ well, anybody can do that.” There’s nothing wrong with setting the bar high if you’re Dinwiddie, but it remains to be seen if the Nets will be willing to cough up that much cash over a five-year period for a player who is coming off an ACL injury.

In the clip promoted by Beck, Dinwiddie essentially says the ball is in the Nets court mainly because they hold his Bird Rights and sign him to a contract that would run for five years instead of four and with higher year-to-year raises than other teams can offer. “For all the fans that think like because I opted out like I have to leave or something like that,” Dinwiddie told Beck. “No, this is very much in the Nets hands. You feel me? And I think my full max is five years/$196 million or something like that. And nobody is sitting here saying I’m going to get five years/$196 million so before anybody tries to kill me, nobody is saying that.”

And the Nets could engage in sign-and-trade talks using Spencer Dinwiddie. Reportedly, the Nets were engaged in talks at the deadline with the Warriors that would have sent the point guard to Golden State for Kelly Oubre and to Los Angeles and the Lakers for Kyle Kuzma. Per Bobby Marks in an ESPN+ analysis Sunday morning… A sign-and-trade deal with a team that doesn’t have significant cap space is an option, but that would require Brooklyn to take back salary in the trade, adding to an already high luxury tax bill. Brooklyn has a projected $53.4 million tax bill and would see that number double if the Nets took back $12 million in salary.

Although he played in only three games, Dinwiddie hasn’t suffered any setbacks in his rehab process and is one of the top point guards available in free agency this offseason. Before suffering the injury in late December, he was coming off a 2019-20 where he averaged a career high 20.6 points and 6.8 assists. According to ProFitX, he outplayed his $9.9 million contract in that season by $17 million. Dinwiddie’s options could be tied to the futures of Kyle Lowry and Dennis Schroder. If the two players sign with Miami and Chicago for example, Dinwiddie could be staring at the Knicks as the only team that has both cap space and a need at point guard.

He has a $12.3 million player option for next season. Before his injury, he was one of the top players available in our HoopsHype free-agent rankings. Now, executives are split on whether he’ll exercise his player option or become an unrestricted free agent. “I think he’ll opt in now unless it’s really just a partial tear and not a standard ACL recovery,” a fourth Eastern Conferenceexecutive told HoopsHype. “The playoffs go until July. Can he come back in time for June or July? That gives him five or six months, literally. So if it’s that serious where he’s missing five or six months, tough to see him opting out for free agency, but if he can come back and play, then who knows.”

One rival general managertold HoopsHype he expects Dinwiddie to opt out of his contract and hit the market despite his injury. That same sentiment was expressed by a former Western Conferenceexecutive as well. “I don’t think it hurts him overall,” the former Western Conferenceexecutive told HoopsHype. “There are a lot of teams with cap space next summer. If Brooklyn does well without him, they might not want him back if he opts out. The injury probably increases the likelihood he opts in slightly, but I doubt he exercises his player option.”

On Saturday Dinwiddie became eligible for a four-year contract extension worth a maximum of $47.5 million. But despite being the poster child for the Nets’ much-hyped player development (he was a finalist for last season’s NBA Most Improved Player Award), Dinwiddie still does not have an extension. “No news. Nothing to report,” Dinwiddie’s agent, Raymond Brothers, said. “Dec. 8, it came, it’s gone. I don’t have an extension,” said Dinwiddie, 25. “Just let Raymond and [Nets general manager] Sean [Marks] talk about it. I already said what I needed to say.”

And, perhaps most importantly, Dinwiddie’s desire to stay should outweigh the enticing prospect of unknown possibilities. It’s good to put your money on the side of familiarity when you can, especially when everything seems tailored to what your favor. “I would love to have an extension,” Dinwiddie said himself last week. “I would love to be here for a long time. If I don’t get an extension, then I’ll be looking forward to unrestricted free agency.”

“What usually matters in instances like these is ‘What’s the number? What’s the number on the extension that gets it done,’” Woj told Hall and Calamari. “The Nets are limited, limited in he kind of raise he can get off his current contract. It’s all negotiation. Starting next week, they can negotiate, he can sign an extension. But he can do it all the way through the summer. “I think the Nets would very much like to keep him and keep him long term but again, it’s negotiation. It will be at a number –I don’t know what the number is for Brooklyn — but I’m sure they have in their minds a sense of what they’re willing to do and then how does that measure up to what the other options are, what it does to their cap space, what they want to do with D’Angelo Russell.”

Michael Scotto: Spencer Dinwiddie (@SDinwiddie_25) is eligible to sign an extension with the Brooklyn Nets on December 8, which is also the birthday of his grandmother and younger brother and his jersey number. He addressed his contract situation today. Below is his full quote in its entirety. Spencer Dinwiddie on the possibility of an extension of December 8th: “Here’s the thing, guys, because I’ve spoken about this like a lot over the summer and now, and I’m sure I’ll have another interview type situation on the day, so I’m hoping this is probably my second to last one (smiles), but this will be my official statement, and I’ll repeat this on December 8, ‘I would love to have an extension. I would love to be here for a long time. If I don’t get an extension, then I’ll be looking forward to unrestricted free agency and going through the season and trying to help the Nets win games as much as possible.’

Dinwiddie: “Simultaneously, I know you guys will say that it’s an audition for 29 other teams — 28 depending upon how you look at Detroit, maybe 27 depending upon how you look at Chicago (smiles). So, it is what it is. Either I’m going to sign an extension or I’m going to become an unrestricted free agent. It’s pretty much as simple as that. The ball is very much in Sean Marks’ and the Nets’ court. Everybody knows what my extension number is four (years) for $47.5 million. It is well documented. You can’t go above. It’s not like I’m really looking to go below (smiles and laughs).”

Dinwiddie: “So, hey, it is what it is. You guys will know what it is. I’ll find out when you guys find out. We’ll either see something on the ESPN ticker that says, ‘Spencer Dinwiddie offered $47.5 million from the Brooklyn Nets.’ Then you guys will also know exactly how much money my bank account has at that moment in time too. This is all very public information. It’s either that or I’m going to be an unrestricted free agent in which case I know you guys will be writing about all summer about whether my low cap hold will apply to Brooklyn or something like that, and in that case stay tuned, Bird Rights, all that good stuff.” — Twitter: @MikeAScotto

He prefers staying in Brooklyn to free agency. But even though the deal looks like a bargain for the Nets, it’s certainly no lock they make it. “I’d love to have an extension. I’d love to be here for a long time. If I don’t get an extension, I’ll be looking forward to unrestricted free agency and going through the season trying to help the Nets win games as much as possible,” Dinwiddie said. “Either I’m going to sign an extension or I’m going to be an unrestricted free agent, simple as that. The ball is very much in [general manager] Sean Marks and the Nets’ court. “Everybody knows what my extension number is: Four for $47 ¹/₂ million. … Can’t go above. It’s not like I’m really looking to go below. It is what it is. I’ll find out when you guys find out. We’ll either see something on the ESPN ticker that says ‘Spencer Dinwiddie offered $47 ¹/₂ million from the Brooklyn Nets,’ and then you guys will know how much money my bank account has at that moment in time.”

On Dec. 8, Dinwiddie is eligible to sign an extension with the Nets. The most lucrative deal Brooklyn can offer is a four-year, $48 million contract, an extension that would have him bypassing unrestricted free agency. “Oh, I mean, I’d love to have one,” Dinwiddie said. “I’d love to be here. This organization has shown me hospitality and given me an opportunity like I haven’t had in the NBA before, so I’m definitely indebted to them, and if they decide to sign me, I’d be one of the happiest players in the league.”

Despite overcoming a career-threatening ACL injury in college, the risk of injury this season isn’t weighing on Dinwiddie’s mind regarding a possible extension and long-term payday. “No, not really,” Dinwiddie said. “If I didn’t want to be here, it would just be a flat out ‘no,’ and I’d tell everybody, ‘Hey, I want to go into unrestricted free agency, and that’s just what it is.’ It really, as it is now, the ball is in their court. I guess I’m always a bridesmaid so far in the NBA. I’m ready to be a bride, I guess.”

No contract extension for Spencer Dinwiddie?

Dinwiddie will become eligible for a contract extension Dec. 8, three years after he signed his current deal. But unlike Russell – who could theoretically sign an extension for a max salary – Dinwiddie’s extension is capped at about $47 million over four years. Though it’s possible he could draw more in unrestricted free agency next summer, Dinwiddie – who has only once and only barely exceeded a minimum salary in his career – sounds open to locking in sooner. Not that he expects an offer. “If Sean Marks calls to give me a contract extension, I’ll take it,” Dinwiddie said. “But until he does, I’m looking forward to being a free agent.”

The question that looms in the future is how much respect the organization will show next season when he goes from being a bargain at a non-guaranteed $1.65 million to being eligible for an extension that might start at $8 million to $9 million per year. “Man, I would love to be here,” Dinwiddie said. “But I don’t have the opportunity to look ahead. That’s not the way my career has gone. All I can do is keep my head down and keep going. That’s all I can do. But I’d love to be here. They gave me my chance, and I’m forever indebted to Brooklyn.”

After breaking down about Dinwiddie’s performance in the game, Coach Nick asked him about his time with the Nets. Dinwiddie, whose contract runs another two years at the vets minimum, talked about how much he wants to stay in Brooklyn … and why. “Right now, I have two team options left on my deal, so it looks like I’ll be here. Who knows, you never know in this business how anything can happen or how it will all shake out but I’ve loved my time here and hopefully look forward to being here for a long time. The organization is great. The staff is great and hopefully we can turn this thing around and just make the playoffs next year. That’d be nice.”
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