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Tuesday, April 9th, 2013 at 5:06 pm  |  15 responses

Jay-Z is Reportedly Divesting His Share of the Brooklyn Nets and Becoming an NBA Agent


We knew there was a possibility of this back when we found out Roc Nation Sports was becoming a thing, but now it looks a little more likely that Jay-Z is actually going to ditch his share of the Brookyln Nets so he can become an NBA agent. Via 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. Jay-Z – whose real name is Shawn Carter – owns less than 1 percent of the Nets, but has been a central public figure in the franchise’s marketing and move from New Jersey to Brooklyn. 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. … The process is expected to be completed in time for Roc Nation to compete for players entering the June NBA draft, but there’s no guarantee of the timing, sources said. Those within Roc Nation and the CAA alliance aren’t ‘chasing a clock on this,’ one source said. ‘This isn’t about one draft, but taking the long view of the business.’”

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  • Rondo9

    So he moves them to BK and then dips?

  • KoloradoKobe

    Never has a man made more out of less than 1% ownership of a company. HOV definitely knows how to play the game.

  • queazy

    Did he not learn from the folly of Master P?

  • Perry the PlatyPteranodon

    Wasn’t this posted a couple days ago? Like the exact same report?

  • The Seed

    If anyone signs with this cat,

    needs to think of themselves as rat,

    cause dudes put time in this game to learn the main,

    now a rapper thinks he gots the magic clapper.

    Its insane a man with money is trying to gain,
    off kids that are strapped,

    but I guess it doesn’t matter because he still haven’t got popped.

    The fake Hova trying to be a king,

    but all I see is Beyonce’s queen.

    DId it matter that this dude can’t manage,
    just ask his friend who ended up in the canal.
    Its a shame this dude is messing up the game,
    now rappers think they can control the acting game.

    Its ridiculous Jay Z, repping a man,

    but still can this cat stay in the game with his 1% fame,

    its too bad, they were using him for his little fame,
    now he will be back of the class, too bad I think he is already an _________.

  • Da Real

    His little 3% wasn’t worth ish anyway. All of the marketing components that brought in the revenue will stay in place. I can see a lot of d**k rider types signing with him just to get to know him.

  • http://www.rich-imaging.com/ Dutch Rich

    From an operational point of view I don’t see much difference in managing musical talent vs managing athletic talent. He clearly has a passion for sports. Brace yourself for another success chapter….not a big fan of his music btw.

  • Amanda B. Cabral

    til I looked at the draft four $8048, I did not believe that…my… father in law actualey bringing home money part time at there computar.. there dads buddy has been doing this for only 14 months and just now cleard the morgage on their villa and purchased themselves a Saab 99 Turbo. this is where I went, Big31.com

  • spit hot fiyah

    master p wasn’t backed by caa

  • spit hot fiyah

    it is less than 1%, and he is smart to enough to know that players will sign with him because of who he is, that’s the point

  • Max

    ass?

  • LP

    I’d get my agency up and running for this next draft coming up in 2014. got some stars in that draft, be ready HOV.

  • Anthony Dixon

    who cares Jay does not play for the Nets lol

  • Ron

    Hater!

  • kr1s

    Sure looks like it. That didn’t take long.

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