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Andre Iguodala says Warriors locker room talk about investing; he discusses money, wealth

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What is most NBA locker room talk like? Exactly what you think most talk is about with 20-something men: there’s plenty of trash talk, with other topics being women, cars, Fortnite, clothes, and, occasionally, their jobs.

However, things can be a little different in the Golden State Warriors locker room, as Andre Iguodala told Wealthsimple in an exclusive interview.

A number of my Warriors teammates — Stephen Curry, Draymond Green, JaVale McGee — are into investing and tech. But we never look at it as a competition. We inform each other of what’s going on. We have a lot of conversations. I learn something from all of those guys. Steph was having a conversation about net neutrality one day, and I wasn’t as caught up on it. He got started on it, and I was locked in, because he did his homework!

“That’s our locker room talk. We have free agents come to our team, and the first day the guy is walking in like, “What do you know about this business?”

We know the pro athlete stereotype: An alpha male making and spending a lot of money who will be broke three years after he is out of the league — and some players live up to that stereotype. However, there are a lot of players who are smart about their money. Players, especially ones who stick in the league longer than a handful of seasons, start to think long-term about how they can set up not just themselves but their children and grandchildren with the money they earn.

Iguodala is one of those guys. In this interview for the Website of the investing tool WealthSimple, Iguodala talks about the evolution of his thinking about money, wealth, and responsibility.

“I wasn’t thinking about all the money, the cars, jewelry (when he came into the league). I’d never seen that before, so I wasn’t looking for it. My first contract was for four years, $9 million. I think the fourth year was a team option, so if you don’t improve over the first three years, then they can cut you — so, really, three years, $7 million. You get an advance over the summer, and just before the draft, you get an advance for trading cards and an advance for a shoe contract. I remember a loan agency floating me until I got the advances. They sent me a check for $25,000. I think I just went to Niketown and bought a whole bunch of pairs of Jordans. I spent like two or three grand and it felt like I spent a million dollars. I didn’t know how to spend money. And it was so early that there wasn’t enough money to go buy a car, you know? I was happy where I was at….

“I had a few veterans who were really smart with their money (who were mentors). I mean, they had nice contracts, but in the scheme of the NBA, they were on the lower end. I asked a lot of questions, and they got me into good habits early. I think it’s always important for young athletes to position themselves with the veterans who are professionally and financially savvy.

“One of my favorite conversations was with Elton Brand, who had two or three max contracts. He talked about black wealth. He talked about Oprah’s situation, Will Smith — African Americans who created a lot of wealth. There aren’t too many of us. There are only 23 billionaires that are African Americans. It wasn’t like he was trying to teach me a lesson: Make sure you do this, make sure you do that. It was more like: You know how hard it is to have wealth. Period. And then how hard it is to be African American with wealth?

A lot of players see that as a responsibility — to take advantage of their financial opportunity (and to give back to the community).

The interview is worth reading and includes Iguodala’s business partner Rudy Cline-Thomas, who talks about their investing strategy and how they don’t go targeting basketball-related ventures or things where Iguodala is the pitchman. The goal is much bigger than that. They look for certain kinds of start-ups, knowing that there will be misses but also hits that really pay off. It’s a process.

And it’s something more and more players take seriously.

Report: Hawks coach Mike Budenholzer no longer considering Suns job

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There’s been a lot of talk as the coaching carousel ramps up, long before the NBA season is even over. Now, we know one coach won’t be heading to the Phoenix Suns: Atlanta Hawks coach Mike Budenholzer.

Budenholzer was reportedly among one of the candidates for the Suns job, but according to ESPN’s Adrian Wojnarowksi the Hawks coach has decided not to pursue the position after being given the opportunity to do so.

The Suns coaching search still includes current interim coach Jay Triano and former Memphis Grizzlies head man David Fizdale.

Via ESPN:

Budenholzer met with Suns general manager Ryan McDonough and owner Robert Sarver early this week, but there was never traction on reaching a contract agreement as the week wore on, league sources said.

As the Suns kept interviewing candidates — including David Fizdale and interim coach Jay Triano — Budenholzer informed the Suns on Thursday that he would no longer be a candidate for the job, sources said.

Phoenix fired Earl Watson just three games into the season. Budenholzer had a hefty resume to consider — he won 60 games in Atlanta in 2014-15, heading to the Eastern Conference Finals.

The Suns need someone to guide their young star in Devin Booker. Who they choose will influence the direction of their franchise for longer than the next coach may even be around.

Warriors beat Spurs in glum Game 3

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The Spurs were playing with heavy hearts following the death of Gregg Popovich’s wife, Erin. Kevin Durant and Shaun Livingston appeared to injure their left ankles on back-to-back plays late.

Everyone seemed ready for the Warriors’ 110-97 Game 3 win Thursday to end well before it did.

Soon enough, the first-round series will. Golden State is up 3-0, and all 127 teams to win the first three games of a best-of-seven series won it – most of them via sweep. Game 4 is Saturday in San Antonio.

There’s hope neither Durant’s nor Livingston’s injury is serious. Durant walked off on his own, though gingerly. Livingston shot his free throws before exiting.

Durant (26 points) and Klay Thompson (19 points) have carried the Warriors’ offense with Stephen Curry sidelined by his own injury. If Durant isn’t at full strength for Game 4, Golden State could really struggle to score.

But it still might not matter, as the Spurs are overmatched against the Warriors’ dialed-in defense. Draymond Green (10 points, seven assists, six rebounds, four blocks and two steals) led tonight’s effort.

After two losses in Oakland to start the series, returning to San Antonio didn’t do much for the Spurs, who were 33-8 at home and 14-27 on the road this season – the NBA’s largest home-road disparity in a half decade. It’s just had to see San Antonio – whether Popovich returns or Ettore Messina remains acting coach – finding enough sources of offense.

Pelicans move one game away from sweep after bashing Blazers in Game 3

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But for a moment, the Portland Trail Blazers felt as though they could turn the series. For half a quarter, the Blazers had hope. Then, Nikola Mirotic dropped a career-high 30 points, Anthony Davis added a double-double of 28 points and 11 rebounds, and the New Orleans Pelicans moved one game away from completing a sweep of the third seed after a big win on Thursday night, 119-102.

Under the guidance of Mirotic, the Pelicans unleashed a barrage of 3-pointers starting midway through the first quarter. The game was close to being a contest, but Jrue Holiday and Mirotic started to pour it in after being uncorked, with New Orleans taking a 16-point lead going into the second period.

Running up and down the court in a panic, Portland looked nervous in the spotlight. The Blazers racked up 12 turnovers by halftime, all while rattling 3-pointers off the back iron. Portland rushed its offense in the face of unlikely success by the Pelicans, who continued to rain down from deep. New Orleans hit four big shots in the final 1:47 of the half, including three from beyond-the-arc.

Never one to back down, Blazers star Damian Lillard tried to force the issue. He would finish with 20 points on 5-of-14 shooting, but most evidentiary of his night was Lillard lobbing up a wild 28-footer with 24 seconds left in the half as he tried to answer a gutshot 3-pointer from E'Twaun Moore from a moment before. It didn’t work, and the Pelicans took commanding 64-45 lead to start the third quarter.

So went the story of the rest of the game, as Portland couldn’t fully tamp down the New Orleans offensive attack for longer than a few minutes at a time. Even after one 10-0 run for the Blazers in the third, the Pelicans ended it in the most deflating way possible — a wide open dunk for Mirotic on a cut after Portland’s defense fell asleep.

It was an electric atmosphere at Smoothie King, and the sellout crowd that gave us a glimpse of what kind of homecourt advantage the Pelicans could have in the second round. The New Orleans fans were in a back-and-forth with the players, with Smoothie King working to such a fever pitch it felt as though every shot hoisted by the team in red and gold was destined for the nylon.

Demoralized, Portland battled — flailed, really — but the Blazers couldn’t make up any ground as the momentum continued for New Orleans. Finally Blazers coach Terry Stotts relented and waived the white flag for Portland with 7:55 left in the fourth quarter as he subbed in his bench.

Even with a 49-win season under its belt, the questions surrounding the Blazers become more serious. The team that had a 13-game win streak this season now will face rumblings about whether Stotts will remain with the team. An exit for Stotts would be unwise for Portland — he did wonders with a team that didn’t play up to its potential most of the year — but it’s not out of the ordinary for a team looking to break through to look elsewhere, especially after Lillard’s meeting with owner Paul Allen.

Although their work isn’t done yet, New Orleans looks as though it’s a team to be feared in the playoffs. What it needs to do is concentrate on sweeping the Blazers, not only to give themselves confidence heading into the second round but to show their second-round opponent (likely the Warriors) that they aren’t to be taken lightly.

How Porltand can counter in the deciding Game 4 isn’t clear. The Pelicans have looked like the better team for nearly every quarter of the series, and the Blazers clearly don’t have an answer for them on either side of the ball.

Happy New Orleans fans will pack Smoothie King on Saturday for Game 4 at 2:00 PM PST in Louisiana. Davis will look to win his first playoff series, and Portland will try to avoid their most embarrassing sweep since they lost to the San Antonio Spurs in the 1999 Western Conference Finals.

Steve Kerr, Tony Parker, and Manu Ginobili celebrate the life of Erin Popovich (VIDEO)

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The NBA community has been effuse in their thoughts and condolences to San Antonio Spurs coach Gregg Popovich over the past 24 hours. Erin Popovich, 67, passed away on April 18, leaving behind her husband, Gregg.

Many were taken aback at the news, including players like LeBron James and Kevin Durant, both of whom were emotional when they first heard the news of Erin’s passing.

Gregg Popovich was not with the team to coach them in their Thursday night matchup against the Golden State Warriors, as Ettore Messina took the reins for Game 3.

Meanwhile, those close to the Popoviches spoke about Erin, her influence on Gregg, and how much both mean to them. Steve Kerr, who played for Popovich in San Antonio for four seasons, told reporters that Erin was, “The sort of balance that Pop needed.”

Current Spurs Manu Ginobili and Tony Parker also voiced their support for the Popovich family.

Via Twitter:

Here’s hoping Popovich finds some solace in the support he’s received over the past day.