Spencer Dinwiddie Has Agreed To A Three-Year Extension In Brooklyn

Spencer Dinwiddie has been spectacular for the Brooklyn Nets this season as a reserve point guard behind D’Angelo Russell. While he doesn’t start, he typically is on the floor to finish games, and on Wednesday, Dinwiddie had a monster performance with 39 points in a win over the Sixers.

Last year was the breakout for Dinwiddie, as he was thrust into action after injuries to Jeremy Lin and Russell turned things over to him. This season, his play indicates that was far from being a flash in the pan, as he’s averaging 16.9 points and 4.9 assists per game.

On Thursday, the Nets rewarded him for that play with a three-year extension.

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

@BrooklynNets I’m home 🙌🏾

— Spencer Dinwiddie (@SDinwiddie_25) December 13, 2018

The extension was first reported by The Athletic’s Shams Charania, and ESPN’s Adrian Wojnarowski reports he’ll make just north of $11 million per season, with a player option in the third year.

Brooklyn Nets guard Spencer Dinwiddie has agreed to a three-year contract extension, per league sources on @TheAthleticNBA @WatchStadium.

— Shams Charania (@ShamsCharania) December 13, 2018

Spencer Dinwiddie will get $34M over a three-year extension with Nets, league source tells ESPN. There will be a player option on third year, sources said.

— Adrian Wojnarowski (@wojespn) December 13, 2018

It’s a good move for both sides. Dinwiddie cashes in on his play without having to worry about free agency, while the Nets lock up one of their best players without the threat of him being lured away by another team this summer.

At $11 million per season, it’s pretty good value for the Nets whether they plan on continuing to deploy him as a super sub or if they choose not to match an offer on Russell when he hits restricted free agency, which lets them move Dinwiddie into the starting lineup. Either way, it’s at least insurance in case another team brings a wild offer Russell’s way.