Dinwiddie defends unique investment plan: 'Nothing I'm doing is illegal'

Brooklyn Nets guard Spencer Dinwiddie is prepared to weather pushback over his intent to turn his current contract into a digital investment vehicle.

"Nothing I'm doing is illegal," Dinwiddie told the New York Post's Brian Lewis. "I know there’s a lot of misinformation out there, like I'm trying to create a currency or something. I'm not trying to reinvent the wheel and create a new bitcoin; this is different."

The proposed investment structure would essentially enable fans to buy digital bonds based on Dinwiddie's three-year, $34-million contract, allowing the player to receive a lump sum upfront. In turn, investors would receive interest back on their investment.

Dinwiddie doesn't think it would be worth it for either the NBA or the Players Association to stand in the way of his plan. The 26-year-old evoked the name of another athlete who became a sympathetic figure in some corners because of his league's opposition toward him.

"Do you really want to do that? Because wouldn’t that be bad PR for them to do that? I would think," Dinwiddie said of possible action by the league. "Then I'd start to look like (Colin) Kaepernick."