Spencer Dinwiddie was apparently prepared to put a big chunk of his three-year, $60 million contract with the Washington Wizards toward his advocacy for cryptocurrency.
The veteran guard confirmed Monday at NBA media day he attempted to purchase the Wizards' jersey patch sponsorship for $12 million to promote the crypto app Calaxy. However, the league intervened:
This isn't the first time the NBA has stymied Dinwiddie's ambitions.
The Wizards have yet to announce the identity of their patch sponsor. If the situation drags on for long enough, then perhaps the NBA will have no choice but to let Dinwiddie back to the negotiating table.