HoopsHype.com Rumors

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 

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 

The Nets wouldn't miss Carter's money if he were to transition from NBA ownership to NBA player management. Rather, the franchise would miss its biggest international symbol, someone veteran swingman Jerry Stackhouse described as "iconic." Nets and Barclays Center chief executive Brett Yormark didn't respond to an interview request, but did claim in a February interview that Carter was a major attraction for segments of the team's fan base. "You have other people who like us because we've married the world of sports to entertainment because of Jay-Z," Yormark said. Wall Street Journal

Brooklyn Nets, Jay-Z, Jerry Stackhouse, Agents, Brett Yormark 

Players, who only ever see Carter at home games, seemed ambivalent about the topic at Tuesday's practice. Stackhouse said he didn't believe Carter's "stake in the Nets is so much to where" he would pass on an opportunity that "presented itself to be more lucrative." Nets point guard Deron Williams and shooting guard Joe Johnson, who practiced on his sore heel and quad after missing the last four games, didn't know if they would have considered signing with a rapper when they entered the league. Power forward Reggie Evans said he'd hire "a wrestler" if "he gets the job done." Wall Street Journal

Brooklyn Nets, Jay-Z, Agents 

Jeff Zillgitt: As long as Jay-Z does not represent NBA players he can keep his ownership stake in the Brooklyn Nets, per NBA. Twitter @JeffZillgitt

Brooklyn Nets, Jay-Z, Agents 

Jeff Zillgitt: “There is no prohibition on NBA owners having an interest in businesses that represent non-NBA athletes," NBA spokesman Mike Bass said. Twitter @JeffZillgitt

Brooklyn Nets, Jay-Z, Agents 

Jeff Zillgitt: When/if Jay-Z begins representing NBA players, he has to divest his ownership stake in Nets. Twitter @JeffZillgitt

Brooklyn Nets, Jay-Z, Agents 

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. ESPN.com

Brooklyn Nets, Jay-Z, Agents 

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. ESPN.com

Brooklyn Nets, Jay-Z, Agents 

Mike Mazzeo: Chris Paul says #Nets minority owner Jay-Z is "like a big brother to me." "I seek him out for advice all the time about different things." Twitter @MazzESPN

Los Angeles Clippers, Brooklyn Nets, Chris Paul, Jay-Z 

Are you and Jay-Z buddies? Is he the type of friend where you text him, "Hey, want to grab a burger?" Deron Williams: [Laughs] We text a lot. After games, he'll send me a note. I'll text him back. Before and after games, we'll talk when he's there. We don't really talk about fantasy football or anything, but we're definitely friendly. He's cool. When my wife and I were looking for houses downtown, he was helping us out, passing along names and numbers and giving us tips on where we should be looking. When he was working on the new Nets uniforms, he was asking me for my opinion. He asked me what I thought about wearing the black uniforms at home. He didn't have to do that. GQ.com

Brooklyn Nets, Jay-Z, Deron Williams 

A minute of video from inside Mikhail Prokhorov's supersuite at Barclays Center on Opening Night, with the Nets owner, Jay-Z and Beyonce, David Stern and Adam Silver and Bill Bradley and a number of Nets officials from Brooklyn and Moscow moving around. A good time was had by all. (Trust us.) The suite above Section 108 is double the size of a normal suite, and ideal for large parties like this one for Opening Night. NetsDaily

Brooklyn Nets, Jay-Z, Mikhail Prokhorov, David Stern, Adam Silver 

In the third installment of Jay-Z's docu-series on the Nets move to Brooklyn, filmmakers explore (and we're being kind) "The Rivalry," a wild discussion between Nets fans and Knicks fans. With Brett Yormark starring as the voice of reason and everyone else (including a comedian known as "Fat Jew") taking pot shots at Manhattan or Brooklyn, it's easily the most entertaining of the series. It appears on Jay-Z's new YouTube channel, Life+Times. NetsDaily

New York Knicks, Jay-Z, Brett Yormark 

Jay-Z first disputed the reported percentage -- telling his audience that he didn't know where the media got their numbers -- before asserting that "some" in the media have presented his role in the ownership group in a way that was intended as a purposeful slight. "That's their way of diminishing our accomplishments," he said. "Don't let anyone diminish your accomplishments." The real story, he explained, goes like this: "[I'm] a young black African male who was raised in a single-parent home in low-income housing and I stand before you as an owner of the Brooklyn Nets." CBSSports.com

Brooklyn Nets, Jay-Z 

Then, as Jay-Z was wrapping up, his Nets cap and Nets jersey matching the thousands in the audience wearing Nets black-and-white, the self-described "purist" messaged us, "I'm starting to understand how big this is." Opening Night with Jay-Z won't be the same as Opening Night with D-Will a month from now. Executives who work for both the team and the arena tell us that the requests for November 1 far outnumber those for September 28. There is no secondary market. Still, It's hard to imagine there's another level of excitement yet to be found in our house. It was a great moment. The night started with the receptions at the Calvin Klein Lounge, the 40-40 Club, presumably Mikhail Prokhorov's supersuite and elsewhere. We were hovering (HOVA-ing?) between Klein and 40-40, spending most of our time at the "Klein" which is spacious with clean lines and a floor-to-ceiling glass wall at one end where the players will run by as they enter and leave the court. NetsDaily

Brooklyn Nets, Jay-Z, Mikhail Prokhorov 

We saw no starters, nor MarShon Brooks. They no doubt were elsewhere. Deron Williams, accompanied by "my love," was in his family suite, purchased after he signed his deal. Talk about your givebacks! Avery Johnson with family in tow moved around, offering "great to be here, Hello Brooklyn" to all within range. He gave Childress, the first player to arrive, a hug and a big (is their any other kind?) Avery smile. Milton Lee was with his college pal Charlier and musician John Forte. Once inside, there were other celebrities, large and small, to ogle. Prokhorov in his seat, MSNBC host Toure' in our row. The concert started late (duh) but it was as anticipated, as advertised, historic. It opened with black and white historic photos flashed on the concert stage screen with the intensity and frequency picking up as it moved through the years, ending with 2012 and the arrival of the Brooklyn Nets. NetsDaily

Brooklyn Nets, Avery Johnson, Jay-Z, Mikhail Prokhorov, Deron Williams, Marshon Brooks 

Do you and Jay-Z, who's a minority owner of the Nets, have anything in common? Mikhail Prokhorov: I think so. First of all, my family was never rich. We never had a car or a country house, though we were solidly middle-class by Soviet standards. But what Jay-Z and I share is that we're both self-made. We both achieved a certain level of success, thanks to our own talent and hard work. We definitely have that bond. details.com

Brooklyn Nets, Jay-Z, Mikhail Prokhorov 

You rapped on Russian television earlier this year, and there's been talk that you and Jay-Z plan to rap together at the opening of the Barclays Center. Are you a hip-hop fan? Mikhail Prokhorov: I respect rap greatly but don't consider myself a fan. Regarding my performance on Russian TV, it was a complete surprise when I was asked to rap. But if I set my mind to something, I always achieve great heights. So I don't think it would be fair if I offered to rap with Jay—I could cause irreparable damage to his professional career. details.com

Brooklyn Nets, Jay-Z, Mikhail Prokhorov 

The demand for the merchandise has far exceeded what both the Nets and the NBA had anticipated. “I think, in many things, we may have underestimated how broad the appeal would be for the team,” NBA deputy commissioner Adam Silver said. “We anticipated much of it would come, but not until later in the life of the arena and the team. “The fact that it began so early … I give Jay-Z and the Nets a lot of credit. They got that logo out into the marketplace, they got their merchandise out … and the ongoing drum beat of support has clearly exceeded our expectations.” New York Post

Brooklyn Nets, Jay-Z, Adam Silver 

Tim Bontemps: Prokhorov on if he will go to more than one of Jay-Z's concerts: "No, no. One is enough for me. Maybe, if I was 18, I'd stay for more." Twitter

Brooklyn Nets, Jay-Z, Mikhail Prokhorov