Spencer Dinwiddie’s stock continues to rise as he’s led the Brooklyn Nets to a 10-5 record with Kyrie Irving (right shoulder impingement) and Caris LeVert (right thumb surgery) sidelined.
Dinwiddie might be even more pleased with his personal success if the NBA had allowed him to turn his contract into a digital investment vehicle. Because his plan would have allowed fans to invest in the players they watch with the opportunity at a return in the “15%-range … like a growth stock, and that’ll be something most guys won’t beat,” as Dinwiddie stated when he explained his business plan in greater detail back when he first revealed it before the 2019-20 season started.
And that’s where Dinwiddie is most disappointed in the league. He feels they’ve taken an opportunity away from fans, which he got into further with Jay Williams on The Boardroom:
If you look at quantitative easing and what’s going on with our country right now, being $23 trillion in debt, trade wars, etc. and having been on, I believe it’s approaching a 10-year bull market — which generally goes in cycles of seven — all signs point to a recession or maybe even worse. Looking at that and saying ‘OK, us [athletes] as assets currently are an untapped class.’ You could not only provide players this added optionality, you could also provide fans a safe haven, in a sense. So now you’re bringing all these fans in that are now part of their favorite player or part whatever it is in the NBA ecosystem. That’s why I most disappointed with how vehemently [the league has] been opposing it.
Williams asked Dinwiddie if it was a power play by the NBA. The Nets point guard feels it was:
Yes, for sure. It’s all about power. Because they came out with the hard stance: ‘Spencer’s gambling. We’ll terminate him if he does this.’
Spencer Dinwiddie (@SDinwiddie_25) gives @RealJayWilliams the breakdown on his shoe business, his Bitcoin aspirations, his NBA/@BrooklynNets journey and more. #TheBoardroom 🎥⤵️ pic.twitter.com/UdwmQpkFih
— The Boardroom (@boardroom) December 16, 2019
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