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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.

Why does Kevin Durant respond on social media? “I’m qualified to talk about basketball”

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Every NBA player gets ripped on social media, even the guys who are not on social media. Most of the time players just ignore it, the way they ignore fans yelling stuff courtside or distant family asking them for money.

Kevin Durant, however, gets into it sometimes, even with national media members (and even had a burner account). Which always becomes a thing.

Why? Why not just ignore it? From Durant himself at practice Friday, via NBC Sports Bay Area.

“Because I have social media,” Durant said Friday… “I mean, I’m a human being with a social media account. I could see if I ventured off into like politics, culinary arts or music and gave my input, but I’m sticking to something that I know. You know what I’m saying? This is all I know. I’m actually talking about stuff that I know. I’m qualified to talk about basketball.

“So when I respond to something, especially if it’s about me personally, of course I’m going to tell you if you wrong about it. When I’m on the training table getting treatment on my calf and I see a tweet that come by and I disagree — I don’t talk to people because I’m worried about what they say, it’s just that I’m interested. So if you talking about in-game or the NBA Finals, they’re the same to me, you know what I’m saying?”

Durant seems to have more time on hands to get into these spats while he is out injured. Which likely will last into the start of the NBA Finals.

Does this mean the Drake/Durant beef is inevitable?

LeBron likes Instagram of Kyrie Irving in Lakers jersey, Internet goes berserk

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The Lakers landing Kyrie Irving in free agency this summer might be their best realistic option. It’s far, far from a lock — the Knicks, and yes Celtics, will make their pitch, too — but reuniting the pair that won a title in Cleveland is on the Lakers’ radar. (Insert your own, “you know who should coach this team” Tyronn Lue joke here.)

Fueling the speculation, LeBron James and Irving were seen hanging out together at a club in Los Angeles recently. Then Friday, this happened: Cuffthelegend posted this on Instagram and LeBron liked it.

View this post on Instagram

I like how this feels

A post shared by Savage Season 365 (@cuffsthelegend) on

(For the record, Cuffthelegend gets some stuff right, he’s not a guy who posts stuff out of nowhere.)

Of course, NBA Twitter and the web responded to this in its usual measured, thoughtful way. Some Lakers fans think the deal is done, others mock the idea altogether.

Two thoughts on Irving and the Lakers:

• Multiple reports say Irving is open to it. Irving also has a strong relationship with Kevin Durant, and Boston still plans to trade for Anthony Davis and then try to re-sign Irving (even if Boston fans are done with Kyrie). The only person who knows which way Irving is leaning right now is Irving, and there’s a good chance he changes his mind in the next five weeks anyway.

• If the Lakers are going to land a star free agent this summer, it will be because LeBron was an active recruiter. These elite players have options, and the Laker front office is not inspiring confidence of late, it will be on LeBron to win guys over.

 

Jeremy Lin: Milwaukee security guard asked for my pass to Raptors team bus

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Jeremy Lin has discussed people not believing he plays in the NBA.

It apparently still happens.

Lin, whose Raptors are playing the Bucks in the Eastern Conference finals, via Bill Michaels Sports Talk Network:

After Game 2 in Milwaukee, I was trying to get to the team bus and one of the dudes in the Milwaukee arena just screams at me. He’s like, “Where do you think you’re going?!” And I’m like, “Uh, I’m trying to get to the team bus.” He’s like, “What?! Where’s your pass?” I was like, “I don’t have a pass. I don’t know what you’re talking about. I don’t have a pass.”

This happens in a lot of arenas, so I just kind of go with the flow.

It’s a fine line. Lin shouldn’t be profiled as a non-athlete because he’s Asian-American. Arena staffers should keep everyone safe by stopping unauthorized people.

PBT Podcast: What’s next for Boston, Philadelphia, Denver? (And some playoff talk)

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Will Kyrie Irving stay in Boston? If not, what is Plan B?

Is Jimmy Butler back in Philadelphia next season? If he is will Tobias Harris be back?

What are the next steps to turn Denver into a contender?

I get into all of those things with the wise Keith Smith of Yahoo Sports (and Celtics Blog, and Real GM), we break down those three teams recently turned out of the playoffs. We also start off talking about teams actually in the playoffs, particularly Toronto’s comeback in the Eastern Conference Finals, and how those teams can take advantage against the Warriors with Kevin Durant out.

As always, you can check out the podcast below, listen and subscribe via iTunes at ApplePodcasts.com/PBTonNBC, subscribe via the fantastic Stitcher app, check us out on Google play, or check out the NBC Sports Podcast homepage and archive at Art19.

We want your questions for future podcasts, and your comments, so please email us at PBTpodcast@gmail.com.