Spencer Dinwiddie’s digital investment vehicle, which he has referred to as the “Spencer Dinwiddie Bond,” is set to launch on Monday. This is the closest Dinwiddie has come to the official start of his new business plan without the NBA stating he could not move forward.
The league’s main problem with Dinwiddie’s plan for a digital investment vehicle centered around the way investors would be impacted if he opted out of the final year of his three-year deal with the Brooklyn Nets.
Under the original plan, if Dinwiddie decided to not pick up his option after the 2020-21 season, it could have led to “significant dividends for investors,” per Shlomo Sprun of Forbes, to whom Dinwiddie told the NBA threatened to terminate his current deal:
Pretty much what they said was that the player option was gambling and that would’ve been cause for termination.
Even though the league “kept talking about termination” — while Dinwiddie had no intention of jeopardizing his basketball career — the Brooklyn Nets point guard worked on a compromise and removed the player option portion of his plan.