Spencer Dinwiddie, the newest member of the Los Angeles Lakers, agreed to join them on Saturday after the Toronto Raptors had waived him on Thursday. He will receive roughly $1.5 million for the rest of this season with L.A., which pales in comparison to the $20.35 million contract he had for this year until he was waived.
However, Dinwiddie does have a bonus in his new Lakers contract he can earn — sort of.
If the Lakers win the NBA championship this season, he will earn an extra $1. That’s right — $1, or the equivalent of 100 pennies.
Dinwiddie said the incentive stems from a similar bonus he had on his last contract when he was sent to the Washington Wizards, a team that hasn’t won it all since 8-track tapes and Farrah Fawcett posters were still considered cool. He told the media it is an inside joke between him and his agent.
Spencer Dinwiddie explains the $1 contract incentive bonus if the Lakers win the championship as sort of an inside joke that him and his agent, Jason Glushon of GSM, concocted pic.twitter.com/a7ni5HN28j
— Dave McMenamin (@mcten) February 12, 2024
Dinwiddie seems to believe his new team has at least a puncher’s chance at winning the world title this summer. If the Lakers somehow claim the Larry O’Brien Trophy in June, he will become a little bit richer — technically speaking, at least.