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Saturday, March 28, 2020

Articles tagged: Spencer Dinwiddie

Spencer Dinwiddie fires back at alleged shade from Tobias Harris

Spencer Dinwiddie

The NBA season may be suspended, but beef season is still in full swing.

In a post to his Instagram page this weekend, Brooklyn Nets guard Spencer Dinwiddie fired back at some alleged shade thrown his way by Philadelphia 76ers forward Tobias Harris. For his part, Harris had lately been posting and commenting about his team’s games as if the season was still going.

In his own post, Dinwiddie said that he had gotten wind of a comment Harris had made about his ability to go left. The 26-year-old guard used a picture of him posterizing Harris in what he called “the actual last time I went left.”

The dunk in question took place during a game betwen the Nets and the Sixers on Dec. 15, one that Brooklyn wound up winning by the final of 109-89.

Last time around, it was the New York Knicks that Dinwiddie was dunking on. This time around, it is the Sixers he is (literally and figuratively) dunking on.

Magic, Pistons reportedly had trade interest in Spencer Dinwiddie

Spencer Dinwiddie

The Brooklyn Nets could look to make a splash on the trade market this summer after Kyrie Irving expressed concern over the team’s current roster, and Spencer Dinwiddie is a player that has apparently already drawn interest.

The Orlando Magic and Detroit Pistons had interest in exploring potential trades for Dinwiddie prior to the deadline earlier this month, SNY’s Ian Begley reports. If the Nets decide to engage the Magic in discussions this summer, Aaron Gordon may be a player that intrigues them. Executives around the league believe a player like Gordon could help Brooklyn, but sources told Begley that other teams — including the Indiana Pacers — have also shown interest in the Magic star.

After they signed Irving and Kevin Durant last summer, the Nets will not have enough salary cap space to add a max free agent this upcoming offseason. Dinwiddie will make just $11 million next season and has a $12 million player option for 2021-22, and he is averaging a career-high 20.8 points per game this season. With Irving out for the season after undergoing shoulder surgery, Dinwiddie could boost his trade value even further down the stretch.

Gordon is averaging 14.5 points and 7.5 rebounds per game in his sixth NBA season. He’ll earn a base salary of around $18 million next season and $16 million the year after, so his contract is also fairly team-friendly relative to his production.

Irving had no problem expressing his displeasure with Brooklyn’s current roster earlier this season, and management will likely do everything possible to keep him and Durant happy. If that means trading Dinwiddie and improving their roster elsewhere, it would not be surprising to see that happen.

Nets’ Spencer Dinwiddie has funny response to All-Star snub

Spencer Dinwiddie

Brooklyn Nets guard Spencer Dinwiddie had a funny response to being left off the All-Star team this season.

The 26-year-old is having a career year with 21.4 points and 6.5 assists per game for the Nets. Given all the talented players in the Eastern Conference, Dinwiddie likely did not received serious All-Star consideration. There was another much more high-profile snub, for instance.

But Dinwiddie wasn’t surprised.

“Look at it like this: I won the Skills Challenge and didn’t get invited back. What does that f—in’ say?” Dinwiddie said Friday night, via the New York Daily News’ Kristian Winfield.

Dinwiddie saw the tweet and added his own comment, jokingly saying he approved the message.

Many players were probably ahead of Dinwiddie on the list for potential East All-Stars and he knew it, but at least he his humorously realistic about that point.

Spencer Dinwiddie, other players giving up jersey numbers in honor of Kobe Bryant

Spencer Dinwiddie

Kobe Bryant may eventually have the two jersey numbers he wore during his career — 8 and 24 — retired by the NBA, and teams and players have already begun taking steps to make that happen.

On Tuesday, Brooklyn Nets point guard Spencer Dinwiddie announced that he is changing jersey numbers from No. 8 to No. 26. He won’t be the only player currently wearing No. 8 or No. 24 to change numbers, according to Shams Charania of The Athletic.

Players typically are not allowed to change jersey numbers in the middle of a season, but Marc Stein of the New York Times reports that Dinwiddie has been granted permission from the NBA to do so. Other players will obviously be free to do the same.

One team that Kobe never played for announced on Sunday that they are retiring the No. 24. At this rate, it seems like only a matter of time before No. 8 and No. 24 are permanently retired by all teams. Quite frankly, they should be.

More Larry Brown Sports coverage of Kobe Bryant’s death:

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Other victims of the helicopter crash:
John Altobelli, junior college baseball coach, also died in helicopter crash
Christina Mauser, girls’ basketball coach, among the helicopter crash victims
Sarah Chester, daughter Payton were also killed in Kobe Bryant helicopter crash
Ara Zobayan was the pilot in Kobe Bryant helicopter crash

Tributes to Kobe:
NBA players changing jersey numbers in honor of Kobe Bryant
Bill Belichick shares touching anecdote in tribute to Kobe Bryant
UConn honors Gianna Bryant with own jersey, spot on the bench
Dallas Mavericks retire Kobe Bryant’s No. 24 jersey
Video: Raptors, Spurs start game with amazing tribute to Kobe Bryant
Shaq posts heartfelt tribute to Kobe Bryant
Michael Jordan releases statement on death of ‘little brother’ Kobe Bryant
Video: Doc Rivers breaks down crying talking about Kobe Bryant
Phil Jackson calls Kobe Bryant ‘a chosen one’ in statement on his death
NBA commissioner Adam Silver issues statement on death of Kobe Bryant
Video: Dwyane Wade posts emotional message reacting to Kobe Bryant’s death
Kendrick Perkins extends olive branch to Kevin Durant after Kobe Bryant’s death
Video: Emotional Mike Breen sums up NBA world’s emotions about Kobe Bryant’s death
Trae Young’s huge game was full of Kobe Bryant-related statistical coincidences

More coverage:
Investigators release chilling drone footage from Kobe Bryant helicopter crash site
Video: Kobe Bryant helicopter audio released
Media errors, rumors, poor judgment run rampant in reporting of Kobe Bryant news
NBA postpones Tuesday’s Lakers-Clippers game after Kobe Bryant’s death
Kobe Bryant recently filed for ‘Mambacita’ trademark for daughter Gianna
Kobe Bryant checked in on Shaq’s son Shareef morning of helicopter crash
No, Rick Fox did not die in helicopter crash that killed Kobe, Gianna Bryant
Lakers fans start memorial to Kobe Bryant outside Staples Center
Kobe Bryant’s last tweet was congratulating LeBron James on passing him
Sports world stunned over Kobe Bryant news
Kobe Bryant dies in helicopter crash – dead at 41

Don’t miss any news
– Follow Larry Brown Sports on Twitter
Join our Facebook group
– Download the Larry Brown Sports app on your iOS device
– Subscribe to our newsletter (sign up here)

Spencer Dinwiddie says Devonte’ Graham should win Most Improved Player, not him

Spencer Dinwiddie

Spencer Dinwiddie is gaining some serious buzz for the NBA’s Most Improved Player Award, but he has a better candidate in mind.

The Brooklyn Nets guard took to Twitter this weekend to thank fans for their support before saying that Charlotte Hornets counterpart Devonte’ Graham should win the award instead.

Dinwiddie, who is in his sixth NBA season, has emerged as the leader of the Nets in Kyrie Irving’s continued absence and is averaging career-highs in both points (22.7) and assists per game (6.2). He has also now posted three straight games of 30 points or more.

The second-year guard Graham, meanwhile, has filled a similar role for Charlotte after Kemba Walker’s exit, putting up 19.3 points and 7.5 assists a game after managing just 4.7 points and 2.6 assists per game as a rookie.

Some equally deserving candidates are lurking elsewhere in the East, but there will obviously be no shortage of MIP options to choose from this season.

NBA not allowing Spencer Dinwiddie to use contract as digital investment

Spencer Dinwiddie

The NBA will not allow Spencer Dinwiddie to follow through on his plan to use his playing contract with the Brooklyn Nets as a digital investment vehicle.

A report in The Athletic two weeks ago shared Dinwiddie’s desire to allow people to invest in him and his company by buying shares of a digital blockchain currency. The “$SD8” token was going to be offered by his company DREAM Fan Shares with a minimum $150,000 investment. It would be backed by his three-year, $34 million contract from the Nets. He was planning to essentially offer a highly-rated bond to investors, considering that NBA contracts are guaranteed.

However, the NBA will not allow it due to rules in the Collective Bargaining Agreement, the New York Times’ Marc Stein reports.

“According to recent reports, Spencer Dinwiddie intends to sell investors a ‘tokenized security’ that will be backed by his player contract. The described arrangement is prohibited by the C.B.A., which provides that ‘no player shall assign or otherwise transfer to any third party his right to receive compensation from the team under his uniform player contract.’ ”

So there you have it. Maybe Dinwiddie wasn’t a pioneer in the field, but rather nobody else had done it because it’s not allowed by the CBA.

The 26-year-old guard averaged 16.8 points and 4.6 assists in 68 regular season games with the Nets last year.

Nets’ Spencer Dinwiddie planning radical investment move with his contract

Spencer Dinwiddie

Brooklyn Nets guard Spencer Dinwiddie calls himself “a tech guy with a jumper” and aims to prove that with his contract.

The 26-year-old signed a 3-year, $34 million contract in December that begins in the upcoming season. He is scheduled to earn $10.6 million in the upcoming season, $11.4 million the following season, and $12.3 million the year after that.

Rather than be paid on that schedule, Dinwiddie is looking to raise money from investors immediately by using his playing contract as collateral.

According to The Athletic’s Shams Charania, Dinwiddie is looking to raise money through digital tokens, which would be like buying bonds that are backed by Dinwiddie’s $34 million contract. He could create a digital smart contract that would give investors tokens and pay them out according to the contract.

Say Dinwiddie raises $30 million now through this method. He could use that $30 million and invest it in a way he chooses. Based on his Twitter, it seems he might want to invest in bitcoin.

Why would this be in Dinwiddie’s interest?

Say he raises $30 million up front by promising a two percent annual return or so the next three years (the length of his Nets contract). He could use that money to buy $30 million in bitcoin, or invest part in cryptocurrency, part in stocks, or whatever. He would be betting that the value of bitcoin and/or his other investments will rise over the next few years. If he gains a 10 percent annualized return, he would end up with just shy of $40 million. Comparatively, he would have been paid $34 million over that time period had he stuck to his contract, though he would have been able to invest his earnings each time he receives a pay check.

Why would someone invest in Dinwiddie by buying a token?

Dinwiddie’s NBA contract is guaranteed. Absent some horrific circumstance where the contract becomes voided, someone could buy a token in Dinwiddie and maybe receive a greater return than they would from a traditional savings account or short-term bond. Investing in an NBA contract is a pretty sure thing.

This is not unlike a scenario where someone who wins the lottery is offered the choice of a lump sum payment up front for less money, or payment installations in the future for smaller amounts. Dinwiddie would be choosing the lump sum option. His “lottery” would be formed by offering digital tokens. Token owners would be paid back with the money Dinwiddie is owed by the Nets. How well this works out for Dinwiddie depends on his ability to invest. He clearly has an appetite for risk.