The Brooklyn Nets have already made significant moves this offseason, but there are still some decisions to be made. They need to add three more players, including a two-way spot and some training camp invites. However, the most important decision they face is whether or not to extend Spencer Dinwiddie’s contract.
Dinwiddie and Ben Simmons are both eligible for extensions, but it’s unlikely that Simmons will receive one. Dinwiddie, on the other hand, is a real possibility. The key factor will be the price. Out of all the players on the roster, Dinwiddie and Nic Claxton have the strongest connection to the Nets. Claxton, a second-round pick in 2019, and Dinwiddie, who has played 300 games as a Net, have been training together this offseason.
Dinwiddie is in the final year of his contract with a $20.36 million cap hit. He became extension eligible on Monday and could sign a four-year, $128 million deal. However, that is unlikely to happen. The Nets will need to find a compromise that satisfies both Dinwiddie and the team. The contract negotiations will depend on what Dinwiddie can get paid, what the Nets are willing to pay, and what he’s willing to accept.
Comparing the market, Josh Hart recently re-signed with the Knicks for a four-year, $81 million contract. Dinwiddie, who is considered a better player than Hart, understands where he stands in the marketplace. He also needs to consider his future as a potential unrestricted free agent in 2024.
The Nets’ general manager, Sean Marks, must balance the present and the future. Letting Dinwiddie hit unrestricted free agency in 2024 could be costly. On the other hand, extending him at the right price would be beneficial. The Nets also need to consider Nic Claxton’s future, as he will become a top unrestricted free agent in 2024 and could potentially double his current salary.
While there is a possibility that both sides may decide to wait, Dinwiddie’s previous contracts have been team-friendly. He has opted for below-market deals in the past but is unlikely to leave too much money on the table this time.
Locking up Dinwiddie now would be advantageous for the Nets. Despite inconsistent shooting and efficiency, the 30-year-old provides veteran leadership and is the only shot creator on the roster. Since taking over as the point guard after Kyrie Irving’s departure, Dinwiddie has been a key playmaker for the Nets. With Irving, James Harden, and Kevin Durant gone, the team is in desperate need of someone who can create plays.
Improved playmaking is crucial for the upcoming season, and extending Dinwiddie could be a viable plan if the price is right. While the addition of Dennis Smith Jr. and a healthy Ben Simmons could help, Dinwiddie’s contract extension could have significant long-term ramifications for the Nets.
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