Spencer Dinwiddie Signing Three-Year, $62 Million Deal with Wizards

Spencer Dinwiddie Signing Three-Year, $62 Million Deal with Wizards

Free agent guard Spencer Dinwiddie will sign a three-year, $62 million deal with the Washington Wizards, as first reported by Shams Charania of The Athletic.

Free agent Spencer Dinwiddie is headed to the Washington Wizards on a three-year, $62 million contract via sign-and-trade, sources tell @TheAthletic @Stadium.

— Shams Charania (@ShamsCharania) August 4, 2021

With Russell Westbrook leaving D.C. to join up with LeBron James and Anthony Davis in LaLa land, Wizards star Bradley Beal was in desperate need of a backcourt partner, and the franchise delivered with Dinwiddie. The former Nets guard only played in three games last season due to an ACL injury, however, the 2019-20 season is a good indicator if Dinwiddie’s talent. Just two seasons ago, the 28-year-old averaged 20.6 points, 6.8 assists and 3.5 rebounds per game. That offensive production should bode well for the Wizards and the pair’s backcourt relationship.

Now for the rest of the sign-and-trade deal. Washington will be sending two second-round picks to the Nets, while Brooklyn will be given an $11.5 million trade exception as a result of the trade, according to ESPN. The Wizards are also sending Chandler Hutchinson and a 2022 second-round pick to the San Antonio Spurs. These two deals are a part of the Dinwiddie transaction today, but it all circles back to the Westbrook Lakers trade.

So, in an effort to keep the carnage and confusion to a minimum, here is what all five teams are receiving in the deal:

Washington Wizards: Spencer Dinwiddie (from the Nets); Kyle Kuzma, Montrezl Harrell, and Kentavious Caldwell-Pope (from the Lakers); Aaron Holiday (from the Pacers).

Los Angeles Lakers: Russell Westbrook (from the Wizards)

Indiana Pacers: the 22nd overall pick in the 2021 NBA draft, which means that the franchise gets the draft rights to former Kentucky forward Isaiah Jackson (pick from Lakers, sent to Washington, Wizards sent draft rights to Pacers)

San Antonio Spurs: Chandler Hutchinson and 2022 second-round pick (both from Washington)

Brooklyn Nets: two second-round picks; one in 2024 and one in 2025 (both from Washington, but could be Memphis’ pick in 2024 or Golden State’s pick in 2025 – whichever is more appealing.)

Well, now that the five-trade deal is cleared up, the league is set to approve it on Friday. On paper it appears that the Wizards and Lakers are the winners of this draft, but everyone seems to have made out with something positive. We’ll see what happens.

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