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 6, 2015, 10:04 PM EDT
Cleveland fills its biggest need with its second-best roster-building mechanism
Jul 6, 2015, 9:15 PM EDT
Peter Feigin makes another threat
Jul 6, 2015, 8:15 PM EDT
Guard will make $2.5 million
Jul 6, 2015, 7:38 PM EDT
In Utah, he counts as a veteran
Jul 6, 2015, 6:44 PM EDT
This is a solid signing, but the Mavs need more help at the guard spot.
Jul 6, 2015, 6:01 PM EDT
This trade could work for both teams if the Clippers can flip Haywood’s contract again for a big man.
Jul 6, 2015, 5:01 PM EDT
West left $10.6 million on the table to go to a contender.
Jul 6, 2015, 4:36 PM EDT
This signing was never in doubt.
Jul 6, 2015, 4:12 PM EDT
Signing Terry would go over well with the fan base in Dallas
Jul 6, 2015, 3:25 PM EDT
Skilled forward was No. 35 pick in 2010 NBA draft
Jul 6, 2015, 2:40 PM EDT
Can the Spurs keep Patty Mills and Boris Diaw, too? Ginobili must still negotiate a contract
Jul 6, 2015, 2:15 PM EDT
Lakers are surprisingly high at 50/1
Jul 6, 2015, 1:36 PM EDT
Nobody wants Anderson Varejao and his contract
Jul 6, 2015, 12:49 PM EDT
As a result, Clippers suffer
Jul 6, 2015, 12:08 PM EDT
Cavaliers forward, a basketball and nothing else
Jul 6, 2015, 11:30 AM EDT
Michael Malone lands a good lieutenant
Jul 6, 2015, 10:42 AM EDT
Former NBA point guard also loves Cory Joseph signing with Raptors
Jul 6, 2015, 10:03 AM EDT
Jul 6, 2015, 9:16 AM EDT
Llull will have a lower buyout, though
Jul 6, 2015, 8:30 AM EDT
The best guy widely available? David West.
- Report: Mo Williams signing with Cavaliers for most of their MLE 0
- Report: Cavaliers, Clippers discussing Jamal Crawford for Brendan Haywood trade 24
- Reports: David West agrees to veteran minimum deal to play for Spurs 63
- Report: Marc Gasol, Grizzlies reach deal on five-year, $110 million contract 7
- Manu Ginobili tweets he’ll play next season 5
- Who is left: 15 best free agents still on the board 13
- Report: Detroit Pistons sign restricted free agent Reggie Jackson for five-years, $80 million 38
- Report: Lakers near deal to sign Brandon Bass, may trade Nick Young 36