Jay-Z officially a licensed NBA Agent, but hasn’t sold his shares?

Posted on: June 20th, 2013 by Devin Kharpertian Comments

Jay-Z outside the 40/40 club. (AP)

ESPN's Darren Rovell reports today that Sean Carter A.K.A. Jay-Z has officially become a licensed NBA agent with his agency Roc Nation Sports, but may not be able to represent players yet because of his ownership stake with the Brooklyn Nets.

Jay-Z owns less than 1% of the Brooklyn Nets and has yet to sell his shares as of Wednesday night. Owners cannot also represent players, for obvious reasons.

From Rovell's report:

Industry speculation is Jay-Z might be able to sign players as long as he agrees to pass off his share of the Nets in the near future.

Roc Nation Sports is teamed up with Creative Artists Agency, which represents players like Dwyane Wade, Chris Bosh, Chris Paul, Carmelo Anthony, Tony Parker, Paul George. CAA partnered with Roc Nation Sports to sign New York Yankees second basemen Robinson Cano, as CAA had no licensed MLB agents in its agency.

Along with Cano, Roc Nation Sports has signed New York Jets quarterback Geno Smith and former Notre Dame guard Skylar Diggins, who was selected third by the Tulsa Shock in this year's WNBA draft. It's also expected to announce an agreement with New York Giants wide receiver Victor Cruz soon.

ESPN -- Jay-Z now a licensed NBA agent