28-year-old Spencer Dinwiddie recently agreed to a sign-and-trade deal to join the Washington Wizards. The deal, which will pay him roughly $60 million, will keep him in town for the next three years.
There is, however, an extra little “clause” in his contract.
According to Bobby Marks, Dinwiddie’s contract has a bonus for winning a Championship. And, funnily enough, it’s only $1.
“I love the bonuses. He’s got bonuses for games played, for Wizards reaching the playoffs and winning the Championship. Don’t laugh at these bonuses here. It’s a beauty.
I must have overlooked this here, but the bonus for winning the Championship is a dollar.”
The fact that Dinwiddie only gets a single dollar for winning the title might be the funniest thing I’ve heard in a while. Whoever is responsible for putting that particular bonus in the contract deserves to be celebrated.
On a serious note though, contract bonuses can get pretty crazy.
Miami Heat coach Erik Spoelstra, for example, used to get a $120,000 bonus for every team win, which means he would end up adding millions to his total by the end of the season.
Moe Harkless had a special condition in his contract that would add $500,000 to his wallet if he shot above 35.0% from three.
Let’s not forget the time Jayson Tatum lost out on his big bonus for not being selected to any of the three All-NBA teams at the end of the 2021 season.
So, contract bonuses are nothing new and often include some very specific numbers and/or requirements.
In the grand scheme of things, Dinwiddie’s extra dollar isn’t all that crazy.
Still, one has to wonder what kind of chance he has to actually earn that bonus.
Following the Westbrook trade, it’s fair to say the Wizards took a step back in the Eastern Conference. Meanwhile, the noise about Bradley Beal’s “inevitable” departure continues to heat up.
If Dinwiddie wants to help the Wizards bring home a title within the next three years, he’s going to have to play like a star and the team is going to have to keep on making moves.
Either way, it’s a pipe-dream and a long shot — but possible nonetheless. Crazier things have happened, after all.
