From the dream: NBA player signed a professional contract may authorize token

in The dream, his professional contract to the authorized token that is burst for the NBA players Spencer Dinwiddie, for the time being. With reference to the applicable collective bargaining law, the leadership of the US Basketball League, issued his plans for a cancellation. Dinwiddie now wants to be tracked. However, observers see that in its Token platform is a groundbreaking development for professional sports.

By David Barkhausen
30. September 2019BTC$8.319,94 , and 0.61%part Facebook Twitter LinkedIn xing mail

As the first professional athlete who has ever wanted to give the NBA player Spencer Dinwiddie his contract Pro rata to investors. With the $SD8 –tokens you would have to of his career and a salary increase can bet. Now, the US professional League, the NBA makes the players of the Brooklyn Nets a dash through the bill and pushes the push of a latch.

As the New York Times on Friday, the 27. September, is reported, has awarded the management of the most important Basketball League in the world Dinwiddies plans a cancellation. This does not indicate your collective bargaining law, according to which NBA players assign their contract rights to a third party or in any other way should be allowed to give. In a statement to the League, it is with reference to the wording of the official Status short and sweet:

according to recent Reports, Spencer Dinwiddie investor wants to sell a "tokenized value system" on the basis of his game contract. Such an Arrangement is prohibited by the collective bargaining law.

a Few days before Dinwiddie had revealed his plans in an interview with the US magazine The Atlantic. By using the Ethereum-based Token may have had investors in his current three-year contract shopping, the brings the basketball players in the next 3 years, up to 34.4 million U.S. dollars [nearly 31.5 million Euro]. The NBA had expected-professional, with immediate revenues of up to 13,5 million US-Dollar [EUR 12.4 million].

Dinwiddie wants to wanted to distribute after-action

investors, he for this purpose, on the one hand, a monthly interest rate. On the other hand, the Token for investors would have been especially appealing, because Dinwiddie future salary increases with the Token-owners wanted to share. In his present job with the Brooklyn Nets, the NBA player after a year out of his contract to opt out and renegotiate. This could be worthwhile for Dinwiddie, he should prove himself on the field of play and his market value will rise.

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While the Guard is in this country a still little-known face. Under experts, he is, however, already as a possible bearer of hope and therefore has good reason to put his exit into the next year.

Despite the sudden cancellation of the League, the 26 wants-Year-old, however, do not be discouraged. Compared to the New York Times, he announced that the NBA leadership is renegotiated. He insists that it is his Token to an "Assignment", i.e. an assignment of his contractual rights. If the League Official rowing, however, is questionable. You are a conservative and strict interpretation of the rules.

The question of responsibility

Larry Cermak, the head of the research Department of industry magazine The Block, could have the attitude of the NBA, however, has little influence on the Dinwiddies plans. He is concerned that the professional is paid the dividend out of his own pocket, and thus it was unclear whether the collective attack right at all.

Should succeed Dinwiddies projects, this might find in the future many imitators, is Cermak to Forbes sure:

He opens his contracts not only for the crypto-world, but for all who want to have a part in it... [Dinwiddie] does, because this creates a whole new asset class, which will be popular in the future, inevitably.

a Completely new Dinwiddies idea, however, is not. Already in 2013, the Investment company Fantex investors contract had offered shares to the American Football professionals. The concept could prevail but never. After three years, Fantex was his offer.

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