As Charania explains, Dinwiddie is expected to give up some future income on his three-year, $34MM+ deal with the Nets in order to secure smaller lump sum payments up front, which he could then immediately invest. Investors who secure a “Dinwiddie bond” in the form of a digital token would eventually be paid back the principal amount with interest, with that cost covered by the veteran’s NBA contract, writes Charania.
Here’s more from around the Atlantic:
- While Team USA has had a disappointing run in the 2019 FIBA World Cup, that doesn’t diminish the fact that four Celtics players – Kemba Walker, Marcus Smart, Jayson Tatum, and Jaylen Brown – got valuable chemistry-building reps in China, writes Chris Forsberg of NBC Sports Boston. The experience they gained together with Team USA will benefit them and the Celtics more than any medal would have, Forsberg opines.
- The Celtics‘ G League affiliate – the Maine Red Claws – has acquired the returning rights to former Xavier forward Kaiser Gates in exchange for a first-round draft pick, per a press release. Gates agreed to a training camp contract with Boston last week, so today’s move signals that the club plans to eventually have him report to Maine.
- Ian Begley of SNY.tv spoke to a handful of current and former NBA coaches who believe that David Fizdale will face a difficult challenge in New York this season. The Knicks‘ head coach will have to balance developing young players with finding enough minutes for all the veterans who signed short-term, big-money deals and expect to play key roles.