Tactical Investments

0 comments

Nets’ Spencer Dinwiddie Looking to Convert Contract into Investment

At this point, it’s common knowledge that when it comes to smarts, Spencer Dinwiddie is right up there with the best NBA players.

He attended a semester of Harvard business school and even wants to build his own Ironman suit. Now, the Brooklyn Nets point guard is looking to convert his current contract into a digital investment and take a lump payment upfront according to sources close to The Athletic. If the Nets accept Dinwiddie’s request, this move will be the first of its kind in league history.

According to the Business Insider, “Dinwiddie will securitize his NBA contract as a digital token … The extension would bring him more than $34 million over a three-year period, but sales of the digital token would allow him to raise a significant portion of that sum upfront. By selling the token, Dinwiddie relinquishes some future income for a smaller payment. As a borrower, the guard could then invest the upfront sum.”

Dinwiddie’s bond would therefore pay investors principal and interest. The NBA has been made aware of Dinwiddie’s ask earlier in the week, but it is unclear how they wish to proceed with the request at this time.

The Nets guard is coming off his best NBA season, in which he averaged 16.8 points and 4.6 assists per game in 68 games.

LEAVE A RESPONSE

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RELATED POSTS

Love of Tequila

17 Sep 2019

MJ Selling

15 Sep 2019

Collegiate Unrest

05 Sep 2019

Taco Tuesdays

01 Sep 2019

  • Raptors’ Corner

  • Video Highlights

  • Facebook

  • Top Internet Presence the BrandsWon.com

  • Twitter

  • Pick N Pod

  • Shop

  • Featured Video

    Oops, something went wrong.
  • STAY IN TOUCH!

    LATEST POSTS

    Predicting Tokyo 2020
    21 Sep 20190 comments
    Play Your First Ball
    13 Sep 20190 comments
    A WNBA First
    10 Sep 20190 comments

    LATEST TWEETS

    Read all tweets

    © 2016 BallnRoll

    Web Solutions by: CO4 Computing Inc