Apr 9, 2013, 5:40 PM EST
Jay-Z has 99 problems but soon the Nets won’t be one.
It was rumored a few weeks ago that athletes from baseball and football — Robinson Cano of the Yankees, for one — were about to jump agents to Roc Nation Sports, a Jay-Z headed representation agency that is partnered with powerhouse Creative Artists Agency.
Jay-Z wants to gets some basketball players in that stable of clients, but first he has to take some other steps and has started the process, reports Adrian Wojnarowski at Yahoo Sports.
Entertainment mogul and rapper Jay-Z has started the process of divesting his small share of ownership with the Brooklyn Nets to extend his Roc Nation Sports representation business into basketball, sources told Yahoo! Sports….
Selling his share of the Nets is a necessary prelude for Jay-Z to obtain his National Basketball Players Association certification as an agent. NBA rules mandate that no one individual affiliated with a player representation company can have an ownership stake with an NBA team.
Jay-Z would not be the guy handling the contract negotiations or day-to-day of the agency, that falls to the CAA agents. However, what he brings in terms of marketing connections is impressive. Plus he’d be a recruiting force in an already cutthroat business.
Jay-Z owns less than one percent of the now Brooklyn Nets. However, he had great influence in the color scheme and uniform design for the Nets — back and silver with an old-school classic logo — as well as designing some high-end luxury suites at the Barclay’s Center in Brooklyn.
He’s supposed to have a buyer and process in place so his agency can go after players in this year’s NBA Draft.
And if you’re a 19-year-old guy out of college and Jay-Z gets on the phone with you, says he loves your game and says he wants to rep you, what do you think the answer is?
Dec 18, 2014, 7:35 PM EST
Anthony has been advised that sitting out would be smart.
Dec 18, 2014, 6:55 PM EST
The foul was upgraded to a Flagrant 2.
Dec 18, 2014, 6:03 PM EST
The Mavs send three players and two picks to Boston.
Dec 18, 2014, 5:30 PM EST
They don’t want to give up picks.
Dec 18, 2014, 4:45 PM EST
Spurs star made same clutch shot a decade ago against Lakers
Dec 18, 2014, 4:05 PM EST
Down goes Rocky, down goes Rocky
Dec 18, 2014, 3:40 PM EST
Trail Blazers guard just waiting to check into game, when his personal space gets violated
Dec 18, 2014, 3:09 PM EST
The Warriors are +15.8 per 100 when he is on the court. They will miss him.
Dec 18, 2014, 3:03 PM EST
Celtics forward shows up Magic
Dec 18, 2014, 2:28 PM EST
Updated with Lakers’ reported offer
Dec 18, 2014, 1:36 PM EST
Trade talks for Celtics point guard heating up
Dec 18, 2014, 12:55 PM EST
Where does this rank among LeBron’s most-lopsided losses?
Dec 18, 2014, 12:22 PM EST
It would be very difficult for the Clippers to find a deal Minnesota would like.
Dec 18, 2014, 11:51 AM EST
Plenty of photos and a recap of this week’s launch event from Jordan Brand’s Terminal 23 space in NYC.
Dec 18, 2014, 11:13 AM EST
This would shake up the balance of power in the West.
Dec 18, 2014, 10:21 AM EST
It’s is the ninja turtle time of year.
Dec 18, 2014, 10:12 AM EST
He turned the table on the Clippers and dunked on them.
Dec 18, 2014, 8:00 AM EST
Don’t worry. He still got off a jumper (which he missed)
Dec 18, 2014, 2:05 AM EST
James Harden and Dwyane Wade broke the 40 point barrier.
Dec 18, 2014, 1:31 AM EST
Another fine defensive moment from James Harden.
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- Andrew Bogut undergoes PRP therapy on knee, out indefinitely 8
- Report: Mavericks trading for Rajon Rondo could happen ‘sooner rather than later’ 10
- Carmelo Anthony introduces his latest signature shoe, the Jordan Melo M11 9
- Report: Rondo “open” to re-signing in Dallas, Houston if traded there 20
- PBT’s Wednesday Night NBA Winners/Losers: You will not question if Memphis is legit again 18
- Grizzlies top Spurs in triple overtime. Best game of the season. So far. 6
- Report: Mavericks and Celtics in ‘substantive discussion’ about Rajon Rondo trade 25