Jay Z, Selling Share Of Team; Expanding Roc Nation

[Pugz]

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.

Jay-Z's Roc Nation company has partnered with Creative Artists Agency (CAA) to launch a sports representation business that recently secured New York Yankees star Robinson Cano.

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."

Rival agents are anxious over the possibilities of Jay-Z on the recruiting trail, believing the lure of his iconic business and cultural standing will have a major impact on attracting top prospects and current league stars.

 

[Teagz]

How dare he sell his .15% stake lol

 

[Pugz]

should just sell it to beyonce lol

 

[bosoxlover12]

How dare he sell his .15% stake lol

It's actually 1/15 of a percent, not 15/100 of a percent.

So he's selling his .067%


Amazing how much influence he had on everything that is the Bkn Nets with that little ownership

 

[buzzy]

lmfao, didn't know it was that little
 
would be funny if he jumped on the knicks bandwagon

 

[elcheato]

Isn't he actually a Knicks fan? He's seemingly always at the Garden.

 

[youngguru]

oh no how dare he sell his .067% this changes EVERYTHING!!!

 

[Pugz]

lol skip bayless thinks this is a bad move for the nets.

 

[youngguru]

It's not like he was amazing at attracting free agents lol. If he was we would have Lebron. 
 
I like what he did for the aesthetics of the team (jersey, herringbone court, snapbacks, etc) but past that he didn't do anything lol

 

[buzzy]

.067% is probably just the snapback department.

 

[Hurricane Season]

It's not like he was amazing at attracting free agents lol. If he was we would have Lebron. 

CJ Twatson, brah

 

[youngguru]

CJ Twatson, brah

 
TRUUUU

 

[Giantmetfan07]

dude can't make up his mind. first he wants to be a part of a franchise, now he wants to sign players. wouldn't be surprised if he shows up at next year's NFL combine. 

 

[Pugz]

dude can't make up his mind. first he wants to be a part of a franchise, now he wants to sign players. wouldn't be surprised if he shows up at next year's NFL combine. 

he is making up his mind. he helped the team move, and now he sees that being an agent is more valuable. hes making the right choice, too.

 

[Big Bid'Ness]

Would've brought the Nets to Brooklyn for free
Except I made millions off it, you f*ckin' dweebs
I still own the building, I'm still keeping my seat
Y'all buy that bullsh*t, you'd better keep your receipt

 
Shots fired lol.

 

[Giantmetfan07]

he is making up his mind. he helped the team move, and now he sees that being an agent is more valuable. hes making the right choice, too.

 
i was joking. 

 

[youngguru]

Shots fired lol.

... to who?

 

[Big Bid'Ness]

... to who?

 
Upper management/Businessmen

 

[Pugz]

i was joking. 

ah yes, the ever-so-famous sarcastic post with no sarcasm tags

 

[Giantmetfan07]

wasn't aware I had to put a sarcasm tag on jokes.