HoopsHype Jay-Z rumors


April 11, 2013 Updates

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

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

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

April 3, 2013 Updates

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

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

April 2, 2013 Updates

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

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

November 23, 2012 Updates
November 10, 2012 Updates

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

November 4, 2012 Updates

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

October 29, 2012 Updates

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

October 7, 2012 Updates

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

September 29, 2012 Updates

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

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