Categories: In the Bleachers

Life During The Lockout: Andre Iguodala Interns In The Financial Sector

I am big on financial literacy. I think it’s an area that a lot of us have a deficiency in, especially pro-athletes. We’ve all heard the stories or read the data, Per Sport’s Illustrated, 78%NFL players go broke or are in financial distress within two years of retirement. For NBA players, 60% will be bankrupt in five years.

Sixers star Andre Iguodala paid attention to the messages. Iguodala shadowed a venture capitalist during a week-long internship with Bank of America Merrill Lynch arranged by his financial planner.

“I always had an interest in what was going on in the market,” Iguodala said. “I have a couple of teammates, Jason Kapono and Spencer Hawes, who are into it. I always read USA Today and the Wall Street Journal, and I have an E-Trade account, so the interest in finance has always been there.

Should the lockout continue (and we’ll know more on that front after meetings in New York tomorrow) Andre plans to spend time with working with a hedge fund.

With so much at their disposal, I love to see an athlete become equally vested in the business side. Understanding the way money works is one the tools to long term financial stability. Much respect to all the athletes who took this time off and use it for a little personal growth.

Jill Munroe

Jill Munroe is a Los Angeles-based host, producer, and writer. You can find her work on sites such as FoxSports.com, EURweb.com, and MSN.com. Munroe is a current member of the African-American Film Critics Association and the National Association of Black Journalists. Munroe has also been a frequent guest on ESPN radio and Yahoo Sports. In 2015, Munroe released her first book, "PostGame Pass: access into "the life" JillMunroe.com

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