Jay-Z May Renounce His Partial Brooklyn Nets Ownership to Become a Sports Agent

by April 02, 2013

News broke this morning that Jay-Z—in collaboration with sports agency CAA—has founded Roc Nation Sports, an agency that will provide representation for athletes. The company’s first client is New York Yankees second baseman Robinson Cano. The story also notes that Jay-Z has interest in becoming a sports agent himself, but in order to do so he’d have to give up the small percentage he owns of the Brooklyn Nets. Via ESPN: “New York Yankees second baseman Robinson Cano, who is in the final season of a $57 million contract, has left agent Scott Boras to sign with a company founded by Jay-Z. Roc Nation, an entertainment company founded by Shawn Carter, also known as Jay-Z, announced Tuesday that it is getting into the sports representation business through a partnership with Creative Artists Agency (CAA). This arm of CAA will be known as Roc Nation Sports, which simultaneously announced that its first sports client is Cano. … Sources say Jay-Z himself is planning to be a certified agent, first in baseball and eventually in basketball and football. In order to represent clients in basketball, he would have to give up his small share of the Brooklyn Nets. Jay-Z has always had a love for sports, but his passion grew through the Nets ownership and his 40/40 high-end sports bar in New York, which over the past nine years has become a hangout for athletes.”