HoopsHype.com Rumors

Chris Broussard: Texas' Myck Kabongo signs w/Rich Paul's Klutch Sports, sources say. Kabongo - 14p, 5a, 5r - seen as 1R pick, range is late lotto to early 2R Twitter

Draft, Agents, Myck Kabongo, Rich Paul 

BDA Sports has signed Los Angeles Lakers forward Earl Clark. BDA NBA player agent Kevin Bradbury will represent him. Clark was formerly represented by Relativity Sports. It is not clear why he switched agents, but BDA represents three of Clark’s teammates on the Lakers — guard Steve Nash, forward/center Jordan Hill and guard Chris Duhon. Sports Business Daily

Los Angeles Lakers, Agents, Earl Clark, Bill Duffy 

Liz Mullen: SBJ: Jay-Z's Roc Nation Sports will not work with any sports talent agencies other than CAA Sports. Twitter @SBJLizMullen

Jay-Z, Agents 

Liz Mullen: Jay-Z's sports agency will hire established agents in multiple sports as well as have its own employees, including Jay-Z himself, certified Twitter @SBJLizMullen

Jay-Z, Agents 

Bill Duffy: “I am thrilled to welcome Joakim to the BDA Family. He is, without a doubt, the most complete center in the game today and off the court exemplifies the exact caliber of athlete and human being compatible with BDA’s ideals. Joakim’s commitment to philanthropic and humanitarian works is impressive and we look forward to working with him in his future endeavors.” BDA Sports

Chicago Bulls, Joakim Noah, Agents, Bill Duffy 

Mozgov had been represented by Bouna Ndiaye, Nicolas Batum's agent. The two parted ways in January and he has since signed with Justin Zanik of ASM Sports. CSNNW.com

Denver Nuggets, Free Agency, Timofey Mozgov, Agents, Bouna Ndiaye, Justin Zanik 

As an international player, Saric has the right to withdraw from the draft before June 17 and reapply in 2014. He could use the time to weigh his projected draft status, which NBA executives tell Yahoo! Sports could rise as high as the mid-first round. Marc Cornstein of Pinnacle Sports will represent Saric in the NBA. Yahoo! Sports

Draft, Agents, Marc Cornstein, Dario Saric 

Nets Daily: rumor around the NBA is that when the dust clears, Jay-Z's first client will be Nerlens Noel, who could be overall No. 1 in the draft. Twitter @NetsDaily

Draft, Jay-Z, Agents, Nerlens Noel 

Liz Mullen: Excel Sports Management @excelsm signed Lehigh G & expected 1st round NBA Draft pick C.J. McCollum. Agent Sam Goldfeder will rep him. Twitter @SBJLizMullen

Draft, Agents, CJ McCollum, Sam Goldfeder 

Liz Mullen: SBD: Excel Sports Management @excelsm signed Bucknell C Mike Muscala for representation in the NBA Draft. Agent Sean Kennedy will rep him. Twitter @SBJLizMullen

Draft, Agents, Mike Muscala, Sean Kennedy 

On April 2, The Hollywood Reporter had a front page story titled, “Relativity Secures $115M Revolving Line of Credit.” I did not hear a peep from a person (save one) in the sports industry, but should it at least be on sports business professionals’ radar? While everyone was fawning over Jay-Z entering the world of sports agency, there was Relativity, which now has a sports department aptly named Relativity Sports, opening up the cash register. The article says that the $115 million line of credit is expected to expand to $300 million in the near future, and cites CEO Ryan Kavanaugh’s expectation of heightened revenue due, in part, to the sports division. Sports Agent Blog

Agents 

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. Yahoo! Sports

Brooklyn Nets, Jay-Z, Agents 

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. Yahoo! Sports

Brooklyn Nets, Jay-Z, Agents 

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." Yahoo! Sports

Brooklyn Nets, Jay-Z, Agents 

CAA and Jay-Z are taking time to carefully formalize the arrangement on the basketball end, sources told Y! Sports, and are sensitive to making sure he exits the Nets partnership in a way that is respectful to the organization. Yahoo! Sports

Brooklyn Nets, Jay-Z, Agents 

Alex Kennedy: Nate Wolters of South Dakota State University has signed with NBA agent Jared Karnes. He is currently projected as an early second-rounder. Twitter @AlexKennedyNBA

Draft, Agents, Nate Wolters 

A San Antonio sports agent has been indicted on charges of dodging taxes by failing to report more than $2 million in income. A federal indictment said LaPoe Smith Jr. evaded taxes by transferring the $2 million, which included money allegedly embezzled from at least one client and gambling winnings, to an annuity account. The indictment also accuses Smith of giving his tax return preparer false information. The indictment said Smith reported earning only $27,256 in 2005; $21,939 in 2006; $44,765 in 2007; $21,498 in 2008; and $58,759 in 2009. San Antonio Express-News

Law, Agents 

Darren Wolfson: Nice to hear that Trevor Mbakwe signed with noted #NBA agent Andy Miller. He reps Kevin Garnett, Jamal Crawford, & lots of others. Twitter @DarrenWolfson

Draft, Andy Miller, Agents, Trevor Mbakwe 

Jeff Zillgit: Mark Bartelstein's Priority Sports & Entertainment agency forms Coaches, Front Office & Broadcasters division. Mike Tannenbaum to head group Twitter @JeffZillgitt

Mark Bartelstein, Agents 

Cano is the first athlete to publicly sign with the company, a joint venture with Creative Artists Agency's sports division, and if the Brooklyn-born rapper-turned-mogul hopes to sign NBA players, he would have to relinquish his minority stake in the Nets in accordance with league rules. A spokesman for Carter didn't respond to an email request for comment. Wall Street Journal

Brooklyn Nets, Jay-Z, Agents