Spencer Dinwiddie, the newest member of the Los Angeles Lakers, agreed to join them on Saturday after the Toronto Raptors had waived him on Thursday. He will receive roughly $1.5 million for the rest of this season with L.A., which pales in comparison to the $20.35 million contract he had for this year until he was waived.
However, Dinwiddie does have a bonus in his new Lakers contract he can earn — sort of.
If the Lakers win the NBA championship this season, he will earn an extra $1. That’s right — $1, or the equivalent of 100 pennies.
Dinwiddie said the incentive stems from a similar bonus he had on his last contract when he was sent to the Washington Wizards, a team that hasn’t won it all since eight track tapes and Farrah Fawcett posters were still considered cool. He told the media it is an inside joke between him and his agent.
Spencer Dinwiddie explains the $1 contract incentive bonus if the Lakers win the championship as sort of an inside joke that him and his agent, Jason Glushon of GSM, concocted pic.twitter.com/a7ni5HN28j
— Dave McMenamin (@mcten) February 12, 2024
Dinwiddie seems to believe his new team has at least a puncher’s chance at winning the world title this summer. If the Lakers somehow claim the Larry O’Brien Trophy in June, he will become a little bit richer — technically speaking, at least.
