Spencer Dinwiddie shocked the basketball world when he announced his GoFundMe campaign late Friday night. The plan was set to allow fans to select where the current Brooklyn Nets point guard would sign next, on a one-year deal. However, should the goal of $24,632,630 not be met, Dinwiddie would donate all the money to charity.
At first, this seemed similar to his digital investment vehicle plan he had to work through with the NBA earlier in the 2019-20 season, but Dinwiddie clarified Saturday this GoFundMe campaign is a “completely separate concept and a business venture designed for profit.” Furthermore, Dinwiddie wrote on Twitter:
This is actually about a free market system and crowdsourcing a FA (free agent) decision.
Now, Dinwiddie’s goal of $24,632,630 is lofty — especially with a pandemic ongoing. The guard understands this. “That’s on purpose,” he wrote on Twitter:
The reason why 100% of the proceeds go to charity if we are even a dime short of our target on this project is because I understand the likelihood, or lack thereof in this experiment
1. Where you sign
2. Amount of money
3. Length of timeIn this scenario I would’ve only made the decision on the amount of time I would spend at said destination, not the other two factors.
— Spencer Dinwiddie (@SDinwiddie_25) May 16, 2020
Overall a potential FA is influenced by many things. Family, winning, state taxes, shoe companies, agency, market size etc.
I simply want to choose my influences and democratize this access in the process.
So I set my favorite numbers in btc as the price. (26, 25 and 8 🙏🏾)— Spencer Dinwiddie (@SDinwiddie_25) May 16, 2020
At the end of it all, Dinwiddie hopes he “opened some eyes,” and that this all “can do some good in the process amidst a pandemic.”
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