Spencer Dinwiddie wants investors, including fans, to be able to take part in what would be a new digital investment vehicle, what some have called “Dinwiddie Bonds.” Fans and others would invest in Dinwiddie with the collateral being his three-year, $34.4 million contract.
In essence, investors would provide Dinwiddie upfront money, then reap the rewards in the third year of his deal, which is a player option. Assuming his first two years were gang busters, Dinwiddie would opt out and go for a bigger, long term contract, rewarding his early investors.
The NBA, on the other hand, has said the plan violates the Collective Bargaining Agreement and will not approve it.