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Veteran point guard Spencer Dinwiddie’s contract with the Los Angeles Lakers includes an interesting incentive bonus.
If the Lakers manage to win the 2024 NBA championship, Dinwiddie will receive an extra $1. That’s right, a single dollar.
Dinwiddie explained to reporters that the incentive is an inside joke with his agent Jason Glushon:
Dinwiddie said he first had the incentive in his last deal he signed with the Washington Wizards and he decided to keep the tradition going despite the fact that the Lakers are hoping to contend for a title.
“Me and Glushon basically made a deal that we were gonna keep it in whatever deal I sign, if possible, going forward, and it’s kind of just a thing me and him bond over,” he said. “It’s just that now I’m actually on a team that has championship aspirations, so people are like, ‘Why the hell would you do a dollar?’ But it has more so to do with the tie between me and my agent than anything actually monetary.”
Dinwiddie signed with the Lakers on Saturday after clearing waivers. He started the season with the Brooklyn Nets before being sent to the Toronto Raptors at last Thursday’s trade deadline. The Raptors immediately waived him after acquiring him, leaving him free to join his hometown team for the stretch run of the season.
“Spencer is returning to his roots and the city where his journey began,” Lakers vice president of basketball operations and general manager Rob Pelinka said in a statement Saturday. “We welcome him back to his hometown of Los Angeles. We are thrilled for him to wear the iconic Lakers uniform in front of his family and friends. His play-making and aggressiveness from the guard position provides us valuable depth as we continue our strong push toward the back-half of the season. Spencer adds a wealth of experience to our roster and brings proven success in the postseason.”
Dinwiddie averaged 12.6 points and 6.0 assists in 48 games for the Nets. However, his efficiency left much to be desired, as he shot 39.1 percent from the field and 32.0 percent from three-point range.
The Lakers will be back in action on Tuesday against the Detroit Pistons and it’s likely that Dinwiddie will make his team debut in that game.