Nowadays, sports fans are just a tweet or an Instagram comment from getting to communicate directly with their favorite athletes. As social media usage and athlete salaries have gone up, the barriers between fan and player have decreased, making it easier than ever for fans to truly feel connected to the players they watch in person or on TV. But, if Spencer Dinwiddie of the NBA’s Brooklyn Nets could have his way, fans could even buy a portion of his recent three-year, $34 million contract extension. When Dinwiddie announced his plans to sell Professional Athlete Investment Tokens (“PAInT” for short) representing shares of his contract, it became the talk of the basketball world.
This post was originally published on the Cardozo Arts & Entertainment Law Journal website on November 11, 2019. The original post can be accessed via the Archived Link button above.
Burton, Joshua, "The Anti-Fantasy Sport: Should Investing Directly in Athletes Be Legal?" (2019). AELJ Blog. 209.