Spencer Dinwiddie explains his $1 championship contract bonus

Spencer Dinwiddie and his agent understand the power of the dollar, literally.

Jayne Kamin-Oncea-USA TODAY Sports
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At this trade deadline, the Brooklyn Nets traded Spencer Dinwiddie to the Toronto Raptors for Dennis Schroeder and Thaddeus Young. Dinwiddie was then waived by Toronto, seemingly just for cost-cutting reasons. After clearing waivers, Dinwiddie signed with the Los Angeles Lakers. This signing not only helped the Lakers rotationally, but it also revealed an interesting wrinkle in Dinwiddie's contract, a refreshing change of pace from the three-comma, four-comma deals we so often see in professional sports. 

Spencer Dinwiddie explains his $1 championship contract bonus

Dinwiddie is expected to make $1.5 million this season. Per ESPN's Bobby Marks, the Lakers signed Spencer Dinwiddie to the remaining portion of their non-tax mid-level exception. Since Gabe Vincent signed at less than the full midlevel exception, the Lakers were able to offer Dinwiddie a little more than the prorated veterans minimum. Wow, that's a lot of fancy NBA terminology. Don't panic. Here's what's important, Dinwiddie's base salary includes an incentive. That is, if the Lakers win the NBA Championship, Dinwiddie gets $1. 

Dinwiddie explained to ESPN's Dave McMenamin how this $1 incentive was in his last deal with the Wizards. Basically, Dinwiddie and his agent got a kick out of it, so they kept it. "Me and Glushon basically made a deal that we're going to keep it in whatever deal I sign if possible going forward. It's kind of like a thing me and him bond over." Even though Dinwiddie is now on a team with serious championship aspirations, he still wouldn't re-negotiate. "It has more so to do with the tie between me and my agent than anything actually monetarily." 

In his debut as a Laker, Dinwiddie recorded seven assists, the second most in a Lakers debut off the bench in franchise history. Spencer is an LA native. He's well-established in the league. With no Gabe Vincent, the Lakers lack a secondary ball handler/shotmaker aside from D-Lo and AR. Dinwiddie should be able to provide offense, and at the very least, depth to a team riddled with injuries. 

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