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 27, 2014, 5:00 PM EST
Michael Malone increases pressure on sometimes-combustible Cousins
Nov 27, 2014, 3:30 PM EST
Celtics forward in final year of contract
Nov 27, 2014, 2:00 PM EST
Clifford has benched Stephenson for consecutive fourth quarters
Nov 27, 2014, 12:30 PM EST
Suns guard drives for reverse slam, cuts for monstrous alley-oop
Nov 27, 2014, 11:00 AM EST
Very nice gesture
Nov 27, 2014, 9:30 AM EST
He missed seven games with a hamstring injury.
Nov 27, 2014, 8:00 AM EST
Beal’s max extension projects to pay more than $118 million over five years
Nov 27, 2014, 1:37 AM EST
LeBron James and the Cavaliers were good, Chase Budinger had the flub.
Nov 27, 2014, 12:28 AM EST
Ish Smith will stay on the roster.
Nov 27, 2014, 12:01 AM EST
If the Cavs can defend like that on a regular basis they will be far more dangerous.
Nov 26, 2014, 10:45 PM EST
Bulls, Pacers, Bucks, Pistons to Western Conference
Nov 26, 2014, 9:15 PM EST
He also talks Milwaukee, doing away with conferences.
Nov 26, 2014, 8:15 PM EST
With Popovich out, Ettore Messina takes over Spurs
Nov 26, 2014, 8:00 PM EST
Maverick shows off long arms
Nov 26, 2014, 7:00 PM EST
Harden shifts defensive-woes attention onto Knicks forward
Nov 26, 2014, 6:00 PM EST
Haywoode Workman should have let it fly
Nov 26, 2014, 4:59 PM EST
You have to like that he wants to step up, but based on history, a lot of top point guards in the league just started drooling.
Nov 26, 2014, 3:55 PM EST
Don’t forget to be thankful for the Raptors, too.
Nov 26, 2014, 3:02 PM EST
Nov 26, 2014, 2:02 PM EST
Suns have three capable guards, and Thomas is the one coming off the bench.
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