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.

Timberwolves’ Karl-Anthony Towns out 4-6 weeks with calf strain

Minnesota Timberwolves v Washington Wizards
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It’s not good news, but it looked like it could have been much worse.

Timberwolves big man Karl-Anthony Towns is out for weeks with a right calf strain, the team announced Tuesday following an MRI exam. Adrian Wojnarowski of ESPN reports it is likely 4-6 weeks.

The injury occurred midway through the third quarter Monday when Towns started to run back upcourt and went to the ground without contact, grabbing his knee and calf. It looked scary — Achilles scary — and he had to be helped off the court.

Towns has averaged 21.4 points and 8.5 rebounds a game, and while his numbers are down this season — just 32.8% on 3-pointers — the team has struggled at times without him, particularly lineups with Rudy Gobert and Anthony Edwards together, an -11.8 net rating (in non-garbage time minutes, via Cleaning the Glass).

Kevin Durant on chasing MVP: ‘Not really, I’ve been there, done that’

Orlando Magic v Brooklyn Nets
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Kevin Durant carried the Nets to another win Monday night, scoring 45 points on 19-of-24 shooting, plus seven rebounds and five assists.

If you’re having an MVP conversation a quarter of the way into the NBA season, Durant has to be part of it: 30 points per game on 54.8% shooting (and a ridiculous 65.9 true shooting percentage), 6.6 rebounds and 5.5 assists a game, plus playing solid defense and being the anchor of the Nets. After his 45-point outing to get Brooklyn a win over Orlando, Durant was asked about MVP chants and the chase for the award and was clearly not interested.

Durant has MVP numbers, but so do Stephen Curry, Luka Doncic, Giannis Antetokounmpo, Jayson Tatum and others. If Durant is going to move to the front of the conversation, the first thing that has to happen is Brooklyn has to win a lot more games — 11-11 is not going to cut it when Tatum’s Celtics and Antetokounmpo’s Bucks have the two best records in the NBA. Winning games and finishing on a top-three team in the conference matters to some voters (and traditionally is one measure of an MVP).

Watch Herb Jones inbound off Pokusevski’s back, seal win for Pelicans

Oklahoma City Thunder v New Orleans Pelicans
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With 2.3 seconds left in the game and the Thunder down 2, they needed to steal the inbounds pass from New Orleans to have a real chance. That’s why when Aleksej Pokusevski walked on the court it looked like he was going to guard the inbounder, Herbert Jones.

Instead, Pokusevski turned his back to Jones, putting himself in position to step in front of anyone cutting to the ball to catch the inbounds. Except, Jones made the clever play to seal the game.

Pokusevski fouled Jones, who sank both free throws and sealed the 105-101 Pelicans win.

The Pelicans got 23-8-8 from Zion Williamson and picked up a win without CJ McCollum or Brandon Ingram in the lineup. Shai Gilgeous-Alexander continued his dominant start to the season and scored 31.

Watch Lakers fan drain half-court shot to win $75,000

Indiana Pacers v Los Angeles Lakers
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It might have been the loudest the crypto.com Arena was all night.

Between the third and fourth quarters, Lakers fan Jamie Murry of Downey won $75,000 draining a half-court shot — and he got to celebrate with Anthony Davis.

Murry’s celebration is the best part — with Anthony Davis coming out to celebrate with him (and seeming a little shocked by the hug).

One other big shot fell at this game, but Lakers’ fans didn’t like it as much — Pacers’ rookie Andrew Nembhard drained a game-winning 3-pointer as time expired.