Brooklyn Nets backup point guard Spencer Dinwiddie is eligible to sign an extension with the franchise that could pay him up to $47.5 million over the next four years, according to salary cap guru Albert Nahmad.

Spencer Dinwiddie will become an unrestricted free agent after this season ends if he doesn't sign an extension. The guard is expected to command a lot of interest from rival teams should he hit the open market.

Nets starting point guard D’Angelo Russell will enter restricted free agency in the summer of 2019 if Brooklyn offers him a $9.16 million qualifying offer. The Nets acquired Russell from the Los Angeles Lakers in the summer of 2017.

Russell and the Nets didn’t have any discussions on a contract extension this past offseason, and there have been talks around the league that Brooklyn values Dinwiddie more than Russell.

Dinwiddie comes off the bench for the Nets, but he has proven to be a more efficient player and required less maintenance than Russell. Dinwiddie is averaging 15.8 points, 2.5 rebounds and 4.9 assists per game through 27 games this year. The 25-year-old is shooting 46.1 percent from the field, 35.7 percent from the 3-point line and 77.4 percent from the charity stripe.

It will be interesting to see what Dinwiddie and his camp decide to do. Signing the extension now gives you financial stability, which is important since there's always the chance a player can get hurt.