Jay-Z Sells His Brooklyn Nets Shares To Become NBA Agent? REPORT
After rapper Jay-Z signed New York Yankees' Robinson Cano to his new Roc Nation Sports agency, many reports have indicated that he is embarking on a new profession as a sports agent. But in order to do, the Watch The Throne rapper will have to sell his share of the Brooklyn Nets.
Jay-Z only owns 1% of the Brooklyn Nets, but his was very influential in bringing the franchise team from New Jersey, and was the frontman for the opening of the Barclays Center. He also helped design the team's new logo and colors.
The rapper recently collaborated with Creative Artists Agency to have team of agents ready to talk with NBA prospects.
Yahoo reported that the rapper is planning to further extend Roc Nation Sports to the basketball industry, which will prevent him from owning a portion of an NBA team.
The rapper recently partnered with Creative Artists Agency so that he has a team of agents to talk with NBA prospects. Jay-Z plans to sell his shares of the Brooklyn Nets so that he can start signing players to his agency.
P.J. Carlesimo, the Nets interim coach who took over after Avery Johnson was fired said that he would be disappointed if Jay Z left the team. He had an enormous amount to do with the rebranding of the team. I wasn't close to it at all, but from what I've seen, it would be hard to overstate his importance in this all," he told ESPN.
Carlesimo also said that he appreciated the rappers' involvement in the team. "He's at the games, and maybe he's around more than I realize behind the scenes. But he's an excellent fan, one that wasn't just around this year, but a lot in the past too."
ESPN reported that back in 2011, the rapper was fined $50,000 for being in the Kentucky Wilcats' locker room at the Prudential Center after the men's basketball team made it to the Final Four round.
