HoopsHype Jay-Z rumors

May 24, 2013 Updates
May 1, 2013 Updates

“These are players you can build your team around,” said NHL Director of Central Scouting Dan Marr and his staff according to Predators.com. “We think Seth’s game is still going to develop, as are [Nathan] MacKinnon and [Jonathan] Drouin, but we had no reason to remove Seth from that No. 1 spot.” Jay-Z has also taken a strong interest in Seth’s future, wanting to be involved in his potential branding and marketing appeal via Roc Nation Sports (a partner of CAA Sports who also represents Popeye). Being from a mixed background but predominately seen as an African-American, Seth has the probability of being the Tiger Woods of hockey. His impact is limitless, and Jay-Z would love to strike a deal. “When Seth comes to the NHL Draft (in Newark, NJ) in June, his family, agents at CAA and Roc Nation are going to have a powwow to see if he’ll sign with them,” a source told Page 6 of the New York Post. SLAM

April 27, 2013 Updates

Simmons breaks down why he thinks James will eventually join forces with music mogul Jay-Z, who recently divested his interest in the Brooklyn Nets in order to partner with Creative Artists Agency as a sports agent. This is the same agency that James left back in September to sign with childhood friend and former CAA agent Rich Paul as part of a new agency called Klutch Sports. To be clear, Simmons offers a disclaimer that his idea is his own and not based on the sort of insider info that Simmons so often cites. USA Today Sports

The man at the center of the proposed reunion is William "Worldwide Wes" Wesley, the CAA coach's agent whose ties to James have been well-chronicled and, as the premise goes, has such an overwhelming and eternal influence on the best basketball player on the planet that he'll convince him to come back. But there is no reason to anticipate this happening. The time has officially come to stop romanticizing the relationship with James and Wesley, and not only because of the obvious fact that the soon-to-be four-time MVP was willing to leave him behind and work with Paul in a partnership that isn't ending anytime soon. The 'Worldwide Wes' factor as it related to James had a Wizard-of-Oz feel to it all along, but the reality in the here and now is that James has long since moved on from that overhyped chapter and, according to a person with knowledge of the situation, the two hardly, if ever, speak these days.The person spoke to USA TODAY Sports on the condition of anonymity because of the private nature of their relationship. USA Today Sports

April 21, 2013 Updates

When Jay-Z sold his shares in the Brooklyn Nets, he released a pointed diss track called "Open Letter." In the song, he vowed to keep his courtside seats at the Barclays Center despite not being affiliated with the team anymore. Turns out he wasn't lying. For the Nets' first playoff game since moving from New Jersey to Brooklyn, Jigga was sitting courtside, wearing a couple of chains and a leather snapback hat that probably cost more than the yearly salaries of everyone in the upper bowl. Put together. USA Today Sports

April 20, 2013 Updates
April 19, 2013 Updates

Being a member of the Nets organization surpassed some of my greatest ambitions. It was never about an investment; it was about the NETS and Brooklyn. My job as an owner is over but as a fan it has just begun. I’m a Brooklyn Net forever. It’s been an honor to work with Mikhail Prokhorov, Dmitry Razumov, Christophe Charlier, ONEXIM Sports and Entertainment, Brett Yormark and all the wonderful people involved in making the Nets first class. My sincerest thanks goes to Bruce Ratner, who first introduced the idea of moving the Nets to Brooklyn. A thank you and deepest appreciation goes to the fans. You are the lifeblood of any team. The Nets have made their mark on the NBA and as they enter a new era, Roc Nation does as well; as we embark on Roc Nation Sports. Our newest endeavor is committed to building the brands of professional athletes as we have done for some of today’s top music artists. For Roc Nation Sports to function at its full potential, NBA rules stipulate that I relinquish my ownership in the Brooklyn Nets. It was a tough decision but as I stated earlier, it’s not about ownership. Congratulations to The Nets on a great season and making the playoffs! I will always be a Brooklyn Net. lifeandtimes.com

April 18, 2013 Updates

Jay-Z: The Nets have made their mark on the NBA and as they enter a new era, Roc Nation does as well; as we embark on Roc Nation Sports. Our newest endeavor is committed to building the brands of professional athletes as we have done for some of today’s top music artists. For Roc Nation Sports to function at its full potential, NBA rules stipulate that I relinquish my ownership in the Brooklyn Nets. It was a tough decision but as I stated earlier, it’s not about ownership. NetsDaily

April 17, 2013 Updates

Tech investor and social media pioneer Alexis Ohanian told Bloomberg News Tuesday that he's "absolutely" interested in buying jay-Z's shares, equal to 0.067 percent of the Nets team and a somewhat larger percentage of the Barclays Center holding company. Ohanian is a native of Brooklyn and Nets season ticket-holder. Diedre Bolton, host of Bloomberg's "Money Moves" asked Ohanian, founder of Reddit.com, about his interest in the team. "You're a big Nets fan," noted Bolton. "Jay-Z has to sell off his stake which is pretty small. Would you buy it?" NetsDaily

April 15, 2013 Updates
April 13, 2013 Updates
April 11, 2013 Updates

In the track, titled "Open Letter," he vents over a beat produced by Timbaland and Swizz Beatz (clearly forsaking his New York Knicks family to work with the Nets part-owner) about, well, a bunch of stuff, including the response to his reported Nets divestment. You can listen to "Open Letter" after the jump — please be aware, though, that it includes not-suitable-for-work language, so maybe plug the headphones in and keep it away from the kiddies. Yahoo! Sports

The relevant chunk from an NBA perspective: Would've brought the Nets to Brooklyn for free Except I made millions off of/off it (?) you f***ing dweebs I still own the building, I'm still keeping my seats You buy that bulls***, you better keep your receipts There's been quite a bit of conversation on Thursday about that second line — understandably so, since the difference between "off of" or "off it" could mean the difference between Jay taking a shot at one of his ownership partners or just snapping back at those who've continued to crack wise about "one-fifteenth of 1 percent." Given Jay's history of bristling at what he perceives as media attempts to undermine his role in the organization, I'd bet on the latter; then again, the line sounds much more like "off of" than "off it" to me, so it could go either way. The target of Jigga's venom remains unclear. Yahoo! Sports

The Brooklyn Nets are losing one of their biggest names as they prepare for the playoffs. Jay-Z owned just a little piece of the team, but was a large presence when the franchise changed homes and identities this season. The rap mogul is selling his stake in the Nets so he can become certified as a player agent, possibly before the end of the season. The process is underway, with paperwork already filed, a person with knowledge of the details said Wednesday. NBA rules prevent anyone from being involved in ownership and player representation. Washington Times

April 9, 2013 Updates

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

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