Nets, Spencer Dinwiddie agree to 3-year, $34M extension

Always liked Dinwiddie, but always wished he would have stayed his senior year to give us a legit chance at a couple tourney wins

 

@basketballholic dies from a broken heart

 

Don't worry.

Hollic is the one who finds the Dinwiddie's, not pays them.

 

They should trade Russell now, not sure how much value they can take back but eh...

 

so cheap for such superstar talent. that's spreewell kinda poor man's money.

 

Great find by Sean Marks, this contract is a win-win to both sides. Happy for Dinwiddie.

 

An excellent player in today's NBA. Would have loved to replace Gordon with Dinwiddie tbh. It's getting to the point where you can't have a player under 6'5 or over 6'10 on the court for long stretches anymore.

Great deal for BKN.

 

wat

 

Din widdle was up to sum shat.

 

He's a tad older than I would have imagined, still got some potential.

 

Dinwiddle pulling Morey deals.

 

Looks great in concept just to say you are a block chain user and just did an "IPO" on your contract but the reality is that move makes 0 sense IMO.

When companies go on an IPO, they do so because they want to raise funds for operations and the amount will be in hundred millions to billions but in SD's case he is just a pro athlete, and the funds he gets is just in the 4.95-13M range. First of all he is already a millionaire why does he need an upfront payment secondly that amount can easily be obtained via a bank loan for someone of his earning capacity. Just go to the bank and garnish his NBA contract if he needs money. The interest he would be paying on his loan might be less than whatever rate he is offering to investors and his accountant can probably make it an interest expense to lessen his taxes.

Seems way complicated for what he wants to do.