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?
Nov 24, 2014, 4:45 PM EST
Things are not coming together as quickly as some expected in Cleveland.
Nov 24, 2014, 3:50 PM EST
This would make three Lakers players out for the season with injuries.
Nov 24, 2014, 3:44 PM EST
The bottom of the rankings are pretty obvious, the top harder to put together.
Nov 24, 2014, 3:08 PM EST
It’s in the hair
Nov 24, 2014, 2:33 PM EST
Former No. 1 pick facing felony battery charges
Nov 24, 2014, 1:55 PM EST
Bulls point guard says he’ll return tomorrow against the Nuggets at the latest
Nov 24, 2014, 1:17 PM EST
Pelicans guard dealing with yet another injury
Nov 24, 2014, 12:38 PM EST
Rockets without their two best defensive players
Nov 24, 2014, 11:38 AM EST
Trail Blazers star keeps elevating game. Will he ever level off?
Nov 24, 2014, 10:50 AM EST
Oklahoma City point guard throws down on Warriors
Nov 24, 2014, 10:14 AM EST
Do you prefer the original or the emulator?
Nov 24, 2014, 9:35 AM EST
Utah would reportedly send Jeremy Evans and Toure’ Murry to Brooklyn
Nov 24, 2014, 9:04 AM EST
Rockets center has missed last two games after plasma therapy on knee
Nov 24, 2014, 8:30 AM EST
Memphis can offer more money than anyone else, but Gasol will have options.
Nov 24, 2014, 8:00 AM EST
Wes did Gallinari wrong.
Nov 24, 2014, 2:36 AM EST
Few teams have been more of a let down so far this season than Charlotte.
Nov 24, 2014, 1:24 AM EST
Tony Allen has a little playground in his offensive game.
Nov 23, 2014, 11:00 PM EST
He is 0-for-13 in the Nets last two games.
Nov 23, 2014, 9:30 PM EST
This is funny. Cold, but funny.
Nov 23, 2014, 8:00 PM EST
What did you expect him to think?
- Lebron James on Cavaliers’ struggles: “I stink” 0
- Report: Lakers forward Xavier Henry ruptured Achilles in practice 7
- PBT’s NBA Power Rankings: Life is good in the Golden State 6
- Damian Lillard, as stature grows, refuses to become content 3
- PBT’s Sunday Night NBA Winners/Losers: You may want to try and cover Marc Gasol 9
- Jimmy Butler on Derrick Rose: “We want him to be 100 percent” for the playoffs 11
- Report: Free agent market for Jeff Green is as strong ‘if not stronger’ than it is for Rajon Rondo 20
- LeBron James: “We’re a very fragile team right now” 55