Spencer Dinwiddie will launch his digital investment vehicle on Jan. 13. Dinwiddie has made changes to his product and has no longer tied the platform to his NBA contract.
“Spencer Dinwiddie’s advisors provided us with new information regarding a modified version of their digital token idea, which we are reviewing to determine whether the updated idea is permissible under league rules,” NBA chief communications officer Mike Bass told Shams Charania of The Athletic in a statement.
The NBA believed Dinwiddie's original plan was a “third-party assignment” and his third-year option violated anti-gambling rules.
Dinwiddie has wanted to design a method that he hopes could improve NBA players’ economic options.
Dinwiddie is averaging 22.4 points, 6.2 assists and 3.1 rebounds this season for the Nets.
“(Dinwiddie) has been an All-Star caliber player this season,” one high-ranking NBA team official told The Athletic, “and now this will create an interesting dilemma for the league.”