Spencer Dinwiddie was ready to try something very different with his contract. He was prepared to turn it into a digital investment vehicle.
But before Dinwiddie could do much to get his idea off the ground, the NBA squashed the idea, with a report surfacing on Friday stating the Nets point guard was not permitted to follow through with the idea.
Naturally, Dinwiddie wasn’t happy about the news. He didn’t take it as an opportunity to go on a tangent, bashing the NBA for this decision and others made previously. He certainly voiced his opinion and made clear how he felt on Twitter, but didn’t take things too far.
I love the NBA it is the greatest league in the world. And it is an honor to be their partner. But to put this quite simply I’m not assigning my contract and have been explicit in that when I’ve spoken to them.
The news tonight is disappointing because all it does is inspire FUD in the birth of a previously unrealized asset class under the assumption that I’m breaking a rule that I’ve been clear I’m not breaking in multiple conversations.
I look forward to an understanding because as I stated in the previous articles it was made with the NBA in mind. Hopefully being able to bring added fan engagement to the different players/teams and liquidity for team owners.