Skip to content

Jay-Z selling shares of Nets, getting into player agent business

Apr 9, 2013, 5:40 PM EDT

Entertainers Jay-Z and Beyonce watch Brooklyn Nets play New York Knicks in NBA game in New York Reuters

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?

Latest Posts
  1. You can own Michael Jordan’s original uniform from Space Jam

    Aug 29, 2015, 9:30 AM EDT

    space jam

    Owning this may be better than seeing Space Jam 2 with Lebron James, if that project comes together.

  2. Jim Buss defends Byron Scott as Lakers coach, “He has the Laker blood in him”

    Aug 29, 2015, 8:00 AM EDT

    Los Angeles Lakers v Sacramento Kings Getty Images

    He’s a coach, a brother.” — Lakers’ co-owner Jim Buss on Byron Scott

  3. Friday night video fun: Best hustle plays of 2014-15 season

    Aug 28, 2015, 11:00 PM EDT

    2015 NBA Finals - Game Five Getty Images

    It’s not a coincidence you see stars like Chris Paul, LeBron James, Tim Duncan and Russell Westbrook in a highlight package like this.

  4. Kenneth Faried excited to see what Emmanuel Mudiay will do in Denver

    Aug 28, 2015, 7:59 PM EDT

    USA Basketball Men's National Team Training Camp Getty Images

    It is going to be a rough year in Denver as they give the keys to the offense to a rookie point guard.

  5. Charles Barkley remembers “gentle giant” Darryl Dawkins

    Aug 28, 2015, 3:58 PM EDT

    NBA House - Moynihan Station 2015 Getty Images

    Charles Barkley talked about how he never found Dawkins in a bad mood — he was always jovial.

  6. Nets’ Bojan Bogdanovic rolls ankle readying for EuroBasket, says he’ll be fine

    Aug 28, 2015, 2:15 PM EDT

    Atlanta Hawks v Brooklyn Nets - Game Four Getty Images

    It shouldn’t linger into training camp if he doesn’t aggravate it.

  7. Jim Buss heaps praise, hope on young Lakers

    Aug 28, 2015, 1:44 PM EDT

    Los Angeles Lakers Draft Picks Press Conference Getty Images

    What did you expect he would say?

Top 10 NBA Player Searches
  1. D. Rose (2218)
  2. L. James (1927)
  3. K. Irving (1768)
  4. K. Bryant (1723)
  5. A. Davis (1492)