Before the Brooklyn Nets reported to training camp for the 2019-20 season, Spencer Dinwiddie took another step in building his portfolio outside of basketball. The Nets backup point guard had plans to start his own investment vehicle with his contract, which is worth $34.4 million (over three years).
At first, the NBA had issues with Dinwiddie’s plans for a digital token, but Dinwiddie was able to schedule a meeting with the league. He was optimistic after their discussion.
However, after consulting a third-party law firm on the matter, the NBA told the guard they cannot approve his business plan “at this time,” according to Shams Charania of The Athletic.
This has not deterred Dinwiddie in the pursuit of his new business plan. He took to Twitter to let everyone know he will proceed with his plans, regardless of the league’s decision, and his decision will not impact the Nets in any way:
2 things.
Yes I’m doing it.
No I’m not getting myself suspended and jeopardizing the team.Regardless of what they want you to believe basketball is my second priority in life behind my family (Elijah specifically)
Guess that makes 3 things 😅
— Spencer Dinwiddie (@SDinwiddie_25) November 20, 2019