It's official. Spencer Dinwiddie is no longer a free agent as he agreed to a three-year deal worth $62-million with the Washington Wizards.

The point guard opted out of the last year of his contract with the Brooklyn Nets via his player option and is now looking to add some backcourt depth to the Wizards.

According to Shams Charania of The Athletic and Stadium, the signing comes via sign-and-trade. The Wizards will be sending a second-round pick and a draft swap to the Brooklyn Nets in the  deal.

Spencer Dinwiddie's name has been one of the bigger ones that have floated around over the past few months. With the Nets loading up their roster, a space for another playmaker like him has been in question with guys like James Harden and Kyrie Irving in the mix. As Brooklyn goes all-in with their big three including Kevin Durant, Dinwiddie now bids farewell to the organization that has put its trust in him for the past five years.

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The 28-year-old has been one of the more promising guards in the league for the past few seasons now. After starting his NBA career with the Detroit Pistons back in 2014, the crafty guard spent a few seasons in the G League where he blossomed into a starting-caliber player. He was then picked up by the Nets early in the 2018-2019 season where he found a home and slowly developed into one of the more dependable guards in the team when it comes to offense.

Unfortunately, after a stellar 2019-20 campaign where he averaged career highs across the board, the six-foot-five point guard had a season-ending knee injury in just the third game of the 2021-22 NBA season. He was finally cleared for action back in June which suggests that Dinwiddie should be close to 100% for the Wizards once the upcoming NBA season tips off.