Warriors' Iguodala Discusses Finance, NBA Players on CNBC

Golden State Warriors' Andre Iguodala explained how he is helping NBA players get the most out of their finances on CNBC today.
By Lindsay Rittenhouse ,

NEW YORK (TheStreet) -- Golden State Warriors' Andre Iguodala discussed how he is helping NBA players make money and keep it on CNBC's "Squawk Box" Tuesday morning.

Spearheaded by Iguodala, TheNational Basketball Players Association (NBPA) will host its first technology summit from July 19 to 21 in San Francisco. It will teach basically a "crash course" in finance and technology to former and current NBA players.

"NBA players are directly involved in the tech world whether we know it or not," Iguodala explained.

The summit will teach players about media content, wearables and how to finance their retirement without "blowing" their fortunes, as CNBC's Michelle Caruso-Cabrera described it.

"There's a lot of financial education" that many NBA players did not receive in the public school system and "when you get to college, they never teach you how to start a credit line or how to get a loan on a car," Iguodala said.

Being "right in the heart of the tech industry," Silicon Valley, has led to good networking opportunities, he added. Iguodala has met with business moguls such as Warren Buffett and Ben Horowitz, who gave him the tools to help his fellow NBA members.

"A lot of connections have been made, a lot of networking, they've really embraced our team and I've tried to spearhead that communication between athletes and the tech industry," Iguodala noted.

A large monetary gain for the NBA right now is the $24 billion deal struck with ESPN (DIS) and Turner Sports. The exclusive coverage deal takes effect in the 2016-17 season.

Owner of Turner Sports, Time Warner (TWX) stock is down by 0.1% to $78.30 early this morning.

Separately, TheStreet Ratings rated Time Warner as a "buy" with a score of A-.

This is based on the convergence of positive investment measures, which can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, notable return on equity and attractive valuation levels. TheStreet Ratings feels its strengths outweigh the fact that the company shows weak operating cash flow.

You can view the full analysis from the report here: TWX

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

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