Spencer Dinwiddie is under contract with the Nets through the 2020-21 season. After that, he wants his fate to be up to the fans. They just have to raise about $24.6 million for him first.
The Nets guard set up a GoFundMe page Friday night with a lofty target of $24,632,630. If that goal is reached, he says fans will decide the next team he plays for. If it’s not, Dinwiddie says he’ll donate whatever money was raised to charity.
Here’s his explanation:
I’m simply creating this GoFundMe as my commitment to my previous tweets. As of now 2625.8 BTC is roughly equivalent to $24,632,630 USD. If we hit the target then I will allow the fan base to determine my next team decision and sign a one-year contract at that destination. If we do not hit the target goal then I will be donating 100% of this campaign to charity. Fan engagement comes in all shapes and sizes, let’s have fun folks!
Unless you’re very familiar with Dinwiddie, the motivation behind this fundraiser probably requires a little explanation. He’d planned to sell tokens in his three-year, $34.3 million contract extension with Brooklyn through his blockchain investment platform, DREAM Fan Shares. The main idea, as he explained to The Athletic’s Shams Charania last September, was for fans to be able to invest in him and then have the third season of his contract — his player option year — be a “stock year” for investors.
“Establishing an asset class that is not correlated to the legacy markets and stocks that are going to get hammered when everything comes to fruition, it can help people save money and create a real fantasy sport,” Dinwiddie told Charania. “It enhances the real fan engagement. It enhances the NBA.”
The NBA clashed with Dinwiddie over the plan, but he eventually launched a modified version on Jan. 13.
All of the above is to say that Dinwiddie is highly passionate and knowledgeable about Bitcoin, cryptocurrencies and blockchain. If he does raise over $24 million, his recent history would suggest he’ll face some resistance from the NBA. It’s also not clear exactly how the fan base would determine his next destination. Would he go with the group of fans who raised the most money? Do a poll?
The 27-year-old Dinwiddie has improved in each of his four seasons with the Nets and has averaged 20.6 points and 6.8 assists this year. He’s had a few big games against the Sixers, including a then-career-high 39 points on Dec. 12, 2018.
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