NBA

Spencer Dinwiddie Parts Ways With Roc Nation Agency

Feb 20, 2020; Philadelphia, Pennsylvania, USA; Brooklyn Nets guard Spencer Dinwiddie (26) in action against the Philadelphia 76ers during the third quarter at Wells Fargo
Bill Streicher-USA TODAY Sports

Shams Charania of The Athletic reported that Spencer Dinwiddie has parted with Roc Nation agency and is seriously considering representing himself.

Soon after the news broke, Dinwiddie said the Raymond Brothers “[would] continue to be my mentor,” meaning he hasn’t completely cut ties with Roc Nation. He may be looking for more control over endorsements and contract negotiations.

Dinwiddie has expressed a unique perspective on players’ off-the-court dealings. He put out a GoFundMe with a target of about $24 million earlier this year. If fans reached the target amount, Dinwiddie would’ve allowed fans to decide his next free-agent destination. Otherwise, he would donate the sum to charity.

Dinwiddie also dabbled into turning his three-year $34.3 million contract extension to stock in some ways through his blockchain investment platform (a new cryptocurrency), DREAM Fan Shares. Fans would be able to purchase shares in his contract.

Dinwiddie said this about his plan, according to NBC Sports:

“Establishing an asset class that is not correlated to the legacy markets and stocks that are going to get hammered when everything comes to fruition, it can help people save money and create a real fantasy sport,” Dinwiddie told Charania. “It enhances the real fan engagement. It enhances the NBA.”

The NBA shut down the GoFundMe idea due to a violation of the collective bargaining agreement. However, Dinwiddie wants to create his lane regarding the business side of NBA players.

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