Spencer Dinwiddie signs three-year, $34 million extension to stay with Nets

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There were a lot of general managers eyeing Spencer Dinwiddie as a quality point guard they could grab on the free agent market this summer at a fair price. The hardworking point guard out of the University of Colorado has averaged 16.9 points and 4.8 assists for the Nets this season, is shooting 36.8 percent from three, knows how to be a good floor general, and while a lot of fans may not know his name smart front offices around the league saw an above-average point guard that would fit their system.

Which is why the Nets decided to lock him up and not let him leave Brooklyn. The team announced the deal, Dinwiddie himself confirmed it, and Adrian Wojnarowski of ESPN had the details.

That’s an above the league average but low starter money, and it’s a good deal for Dinwiddie, who is making $1.6 million this year and that’s the largest payday of his career.

If you don’t know what Dinwiddie can do on the court, go ask the Sixers — he dropped 39 on them last night.

The Nets are trying to build a culture and have a core of smart, solid players to put stars around, and Dinwiddie fits right into this model. They could have tried to lowball him and save some money, but that came with the risk of losing him this summer. The Nets decided to take care of their own instead, a good sign for the franchise.