Nets reach agreement on extension with Spencer Dinwiddie
NBA.com Global on Dec 14, 2018 07:59 AM
WASHINGTON, DC - DECEMBER 1: Spencer Dinwiddie #8 of the Brooklyn Nets handles the ball against the Washington Wizards on December 1, 2018 at Capital One Arena in Washington, DC. (Photo by Ned Dishman/NBAE via Getty Images)
NBA.com staff report
One night after scoring a career-high 39 points, Spencer Dinwiddie has agreed in principle to a contract extension with the Brooklyn Nets, the team announced on Thursday (Friday, PHL time).
BREAKING: We have reached an agreement in principle with Spencer Dinwiddie on a contract extension. pic.twitter.com/iYLvc8XTNC— Brooklyn Nets (@BrooklynNets) December 13, 2018
According to ESPN's Adrian Wojnarowski, the extension is for three years.
The deal is for $34 million, league sources told ESPN's Adrian Wojnarowski. There will be a player option on the third year, sources said.
Dinwiddie was eligible for four years and $47 million, but the sides went with a shorter deal that would get him back into free agency more quickly. His new deal will pay him $10.6 million, $11.4 million and $12.3 million annually starting with the 2019-20 season, sources said.
Dinwiddie, who is averaging 16.9 points and 4.9 assists this season, showed his appreciation on Twitter: