Apr 9, 2013, 5:40 PM EDT
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?
Jul 22, 2014, 1:24 AM EDT
Ray McCallum dropped 29 and even threw in a Jordan shrug.
Jul 22, 2014, 12:01 AM EDT
Would you rather have Harrison Barnes or Draymond Green?
Jul 21, 2014, 11:00 PM EDT
Hummel gets second NBA deal after spending season in Spain
Jul 21, 2014, 10:00 PM EDT
Former Colorado point guard out with ACL tear
Jul 21, 2014, 9:00 PM EDT
Jazz point guard will help national team prepare for World Cup this summer
Donald Sterling reportedly meets with Steve Ballmer, which might accelerate Clippers sale (or do the complete opposite)
Jul 21, 2014, 8:00 PM EDT
Donald Sterling also reportedly met with Shelly Sterling for three hours
Jul 21, 2014, 6:54 PM EDT
The Suns are going to be a League Pass favorite next season.
Jul 21, 2014, 6:22 PM EDT
Cooper, who coaches WNBA’s Atlanta Dream, expected to make full recovery
Jul 21, 2014, 5:29 PM EDT
Celtics fans are asking “why?” Good question.
Jul 21, 2014, 4:58 PM EDT
You doubted Kobe?
Jul 21, 2014, 4:00 PM EDT
Former No. 6 pick by the Wizards signs in Turkey
Jul 21, 2014, 3:30 PM EDT
Of course, George thinks the Pacers can regain their form and be a threat next season in the East.
Report: Stan Van Gundy tells Josh Smith, barring unexpected trade, forward will start season with Pistons
Jul 21, 2014, 2:44 PM EDT
Pistons reportedly never seriously interested in trading Smith to Kings
Jul 21, 2014, 2:41 PM EDT
Andre Drummond can be a funny man.
Jul 21, 2014, 2:11 PM EDT
I love the Rip City jerseys.
Jul 21, 2014, 1:33 PM EDT
Young signs with Pelicans, Bairstow with Bulls
Jul 21, 2014, 1:02 PM EDT
Put Coach K in the “we already know Love is elite” camp.
Jul 21, 2014, 12:30 PM EDT
It sounds as if former Stanford forward might give up hundreds of thousands of dollars (nearly his entire salary)
Jul 21, 2014, 11:44 AM EDT
I think his sentiments spoke to a lot of fans in Miami.
Jul 21, 2014, 11:05 AM EDT
Stephenson took less money overall, more money per year to leave Pacers for Hornets
- Red hot Ray McCallum leads Sacramento Kings to Summer League title with 77-68 win against Houston 0
- Lakers great Michael Cooper diagnosed with cancer 11
- Report: Stan Van Gundy tells Josh Smith, barring unexpected trade, forward will start season with Pistons 7
- Mike Krzyzewski would trade Andrew Wiggins for Kevin Love with “not one second of hesitancy” 66
- Mario Chalmers: “I never thought anybody would want to leave Miami for Cleveland” 65
- Las Vegas Summer League review: How did Andrew Wiggins, other lottery picks fare? 14
- Report: Knicks open to trading Iman Shumpert or J.R. Smith 29
- Top seven free agents still on the market 49