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Baron Davis and Derek Fisher have faced each other on the pitch as point guard during their playing careers, and the former is unhappy with the latter’s decision to join Luxury Asset Capital.
According to Darren rovell From Action Network, “Fisher has joined Luxury Asset Capital, an alternative financing vehicle for athletes that lends them between $ 50,000 and $ 5 million using their property, contracts and pensions as collateral.”
The news drew a pointed response from Davis:
Baron davis @Baron davis
Derek Fisher sold us to ABC now he’s selling us again. Athletes who go bankrupt … let’s make money with this. #Slapyourself #buster #sellout #BANsyndrome https://t.co/twVJDGBoN7
He wasn’t the only one intervening, as Brooklyn Nets forward Jared Dudley warned the others to stay away:
Business thread shared an announcement from Luxury Asset Capital announcing the formation of a sports and entertainment group involving Fisher. It included a quote from the former NBA playmaker and president of the NBA Players Association and current head coach of the Los Angeles Sparks:
âI know first-hand the financial challenges and situations that athletes face during and after their careers, and how the need for a range of financial approaches to overcome them arises. Several times over the past 20 years , I have seen current and former players miss out on opportunities or experience hardship due to cash flow issues that could have easily been avoided with Luxury Asset Capital. I joined the firm to help ensure that the community of professional athletes know the financial alternatives that can really simplify their lives. “
Davis’ comment is notable because former NBPA executive director Billy Hunter deposit a lawsuit against Fisher and the association in 2013 in which he said Fisher undermined the players by going behind the association’s back and negotiating unfavorable terms.