OT: Spencer Dinwiddie SD8 Coins

[THE HCP]

What in the hell does all this mean? Is he selling his contract to fans? Is this something teams will have to consider in the future when signing players? Somebody good with finance and numbers PLEASE explain this to me.

https://www.netsdaily.com/2019/10/21/20924940/big-day-for-spencer-dinwiddies-sd8-investment-vehicle

https://www.espn.com/nba/story/_/id/27853850/how-investing-150k-spencer-dinwiddie-actually-work

 

[Reep]

His own version of bitcoin.

 

[THE HCP]

Looks like in 1997 David Bowie did something similar......

 

[THE HCP]

The ESPN link really breaks it down. Should have read that one first. But this is kinda nuts. Not sure the NBA has much say in this really.

 

[Titan]

What in the hell does all this mean? Is he selling his contract to fans? Is this something teams will have to consider in the future when signing players? Somebody good with finance and numbers PLEASE explain this to me.

https://www.netsdaily.com/2019/10/21/20924940/big-day-for-spencer-dinwiddies-sd8-investment-vehicle

https://www.espn.com/nba/story/_/id/27853850/how-investing-150k-spencer-dinwiddie-actually-work

Bitcoin just got a little more morbid.

 

[THE HCP]

 

[THE HCP]

This dude better be careful.

 

[Chris Craig]

Did the NBA say why it didn't comply?

 

[Chris Craig]

So basically, the end goal is to create a new avenue of the market where athletes can be invested in. It's ambitious.

On the front end he will recieve 40% of his contract which he will then place into other investments so he can pay his investors when they are due interest or decide to buy out.

A dangerous move if the NBA allows it. It has the potential to go badly for Dinwiddie.

 

[PtldPlatypus]

To me the concern of bringing on investors is that it creates competing interests for his next contract. As I understand it, the investors are basically gambling on the value of the next deal he receives. Well, what if he's in a situation where a team for whom he's not interested in playing (say, the Knicks), offer him higher value than another more desirable franchise (say, the Lakers). Would this investment situation then obligate him to take the largest deal regardless of his actual preferences? Could he be accused of fraud if he knowingly takes less money, knowing that it harms his investors?

 

[SheedSoNasty]

Feels like something the mob would get involved in somehow.