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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.

Arizona State leading scoring Remy Martin declares for 2020 NBA Draft

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Arizona State junior Remy Martin has declared for the 2020 NBA Draft:

The six-foot point guard took on more of scoring role in his third season with the Sun Devils than he had in his first two seasons. Martin averaged 19.1 points per game on 43.2% shooting from the field. Martin also dished out 4.1 assists per game, after averaging 5.0 assists as a sophomore.

Arizona State’s leading scoring may just be testing the waters, as he’s expected to go undrafted. NBA scouts have concerns over Martin’s size at the NBA level. One concern is his ability to hold up defensively, as NBA point guards are trending bigger and bigger in recent years.

As a smaller guard, Martin was one of the players who could have benefited from the traditional pre-draft process. With in-person workouts on hold, and potentially cancelled entirely, players have limited opportunities to improve their draft stock. Teams may be drafting off previous in-person scouting and off of tape.

NBA players reportedly to take part in televised NBA 2K tournament Friday

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If we can’t watch NBA players on the court, at least we can watch them control their digital selves and teammates in a live basketball tournament.

ESPN plans to broadcast an NBA 2K tournament with only NBA players at the controllers, a story broken by Chris Haynes at Yahoo Sports. The hope is to have it air Friday, with the players competing from their homes around the country.

The NBA is planning a players-only NBA 2K tournament that will feature the league’s sharpest video gamers and it will be broadcast on ESPN, league sources told Yahoo Sports…

Players competing against their peers in the comfort of their own homes could offer a distraction for fans who are missing the game and a little competition.

Esports are incredibly popular and growing as a spectator sport, both in person and on Twitch and other platforms. With there being a pent-up demand for sports programming, this seems a smart attempt to draw eyeballs. Even people who are non-esports viewers could tune in just to check it out, because it’s that or rewatching Tiger King.

You can bet that if it works, we will see a lot more of it in the future.

(Inside baseball note: I would love to see the emails/texts flying around ESPN about Yahoo breaking a story about what is coming in their network.)

 

Shaquille O’Neal: I had no idea what was happening with Joe Exotic of Tiger King

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On a recent episode of “The Big Podcast with Shaq” former NBA superstar Shaquille O’Neal said that “he had no idea” what was happening at the zoo run by Joe Exotic. Joe Exotic was recently made famous through the popular Netflix documentary “Tiger King: Murder, Mayhem and Madness”.

Footage of O’Neal appeared in the first episode of the show and was shown taking photographs with the animals.

The documentary also showed a cut of O’Neal on TNT saying “Shoutout to Exotic Joe. I got two more tigers.”

On his podcast, O’Neal explained:

“So we go in there, and it’s a beautiful place, and the character that was there was Exotic Joe. We’re there and I dropped some donations for the tigers’ foods and all that. We take pictures with (the) tigers. We went back a couple times. Then we go back another time and we found out that he’s involved with all the stuff, and then, actually, I stopped going.”

Joseph Maldonado-Passage, also known as Joe Exotic, was sentenced to 22 years in prison after being found guilty of 19 different charges. Those charges included murder-for-hire plot, illegally selling endangered species and other animal-related offenses.

O’Neal clarified that he never bought any animals, but often donates to charities that help animals. He also made it clear that he’s not friends with Joe Exotic, nor anyone involved in the trade of endangered species.

“I don’t harm tigers,” O’Neal said. “I love tigers. I love white tigers. Do I put donations to these zoos to help these tigers out? I do it all the time. Do I own tigers personally at my house? No. But I love tigers. Listen, people are going to make their own opinions, but, again, I was just a visitor. I met this guy — not my friend. Don’t know him. Never had any business dealings with him, and I had no idea any of that stuff was going on.”

Report: Brooklyn Nets looking to hire a blue-chip head coach

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When the Brooklyn Nets and Kenny Atkinson parted ways in early-March, the team installed Jacque Vaughn as the interim head coach.

According to ESPN’s Brian Windhorst that’s a short-term appointment. On his podcast “Brian Windhorst and The Hoop Collective”, the reporter said the Nets are looking to hire a coach with a track record of NBA success.

“One of the things that has been expressed sort of the grapevine, that’s the way I’m going to say it to protect myself from the aggregators, is that Durant and Irving would like a blue-chip coach. I don’t know what this says about the way they thought about Atkinson, but they want a big-name coach.”

Names linked to the Brooklyn opening are Tom Thibodeau, Mark Jackson, and both Jeff and Stan Van Gundy.

Atkinson leaving Brooklyn was a surprise, considering he had led the Nets back to the playoffs in 2019. That success came after a three-year rebuild. That process was kicked off when general manager Sean Marks hired Atkinson to lead the on-court development. Under Marks and Atkinson, the Nets developed several players who had been given up on by other teams.

Brooklyn was 28-34 when Atkinson was let go. The Nets had gone 2-0 under Vaughn before the NBA suspended play in mid-March.