Brooklyn Nets veteran guard Spencer Dinwiddie had his digital investment scheme shut down by the NBA on Friday, with the league ruling the 26-year-old could not sell “shares” of his contract to third parties.
Now, Dinwiddie reportedly plans on meeting with league officials to further explain his idea to change the NBA's mind. The Nets guard told Marc Stein of the New York Times that the league has invited him to explain the investment.
Article Continues Below“When I was on the phone with the league, I told them it wasn't an assignment. And they invited me to sit down with them and explain the offering, which is what I'm going to do.”
The Nets re-signed their backup floor general in the offseason to a three-year, $34 million contract with a player option in the final year.
Dinwiddie has been a steady force in the backcourt for Brooklyn alongside D'Angelo Russell. After the Nets acquired Kyrie Irving and Kevin Durant (and parted with D'Lo) in free agency, Brooklyn decided to bring back Dinwiddie to back up the one-time NBA champ Irving.
Dinwiddie wanted to, in essence, use his new contract to sell shares in his own digital currency — with fans and outsiders able to invest in him. The NBA ruled that players could not sell shares of their contract to outside parties, however, dashing the Nets guard's hopes. This could change in the near future, though.