# Professor David Yermack offers his perspective on Brooklyn Nets player Spencer Dinwiddie's plan to tokenize his new contract

1 Faculty News January 13, 2020 ![Inverse_logo_190x145](/sites/default/files/styles/246w/public/assets/images/Inverse_logo_190x145.jpg?itok=X237gG-C)>

Excerpt from [Inverse](https://www.inverse.com/article/62261-blockchain-sports-contract-spencer-dinwiddie) -- "[David Yermack](https://www.stern.nyu.edu/faculty/bio/david-yermack), a professor of finance and business transformation at New York University, tells Inverse this idea actually isn’t really new. He says the only thing that’s new about it is that it relies on blockchain, but that’s not a huge development."

[Read More](https://www.inverse.com/article/62261-blockchain-sports-contract-spencer-dinwiddie)