Via Life & Times, Jay-Z's official website:
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Jay-Z, playing at Barclays Center (AP)
Amidst the information leaking that Jay-Z, AKA Shawn Carter, is divesting his shares in the Brooklyn Nets to begin the sports agency "Roc Nation Sports," Jay-Z recorded a pissed-off song titled "Open Letter" addressing the sale and the reaction to it, including attacking an unnamed person -- presumably a member of the Nets organization. Audio and lyrics after the jump.... MORE →
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.
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.
Among NBA, NBPA and Nets constituencies, there are several hurdles to overcome before a formal announcement will be made. Nevertheless, none are significant and Jay-Z's certification as a player agent is a mere formality.
Jay-Z opened Brooklyn's Barclays Center on September 28th with the first of eight concerts in nine nights.
Read More: Yahoo! Sports: Jay-Z looking to divest ownership share of Nets and become NBA agent
Earlier this week, Jay-Z's entertainment company, Roc Nation, announced the launch of a sports agency, Roc Nation Sports, and made an immediate splash by signing Yankees star infielder Robinson Cano. For an encore (do you want more?), the fledging agency signed Giants free-agent wide receiver Victor Cruz on Wednesday.
If that wasn't enough, Jay-Z has reportedly expressed interest in becoming an agent himself; first in baseball, then in football and basketball. In order to become an NBA agent... MORE →
Shawn Carter, aka Jay-Z, has started a sports agency group, Roc Nation Sports, and has announced the signing of Yankees All-Star infielder Robinson Cano as the venture's first client, because Jay-Z.
Ever the master of image cultivation, Jay-z has gotten CAA Sports, a division of Creative Artists Agency (CAA), a leading entertainment and sports agency, to co-represent Cano with Roc Nation Sports. Here's Jay-Z's thoughts on his latest entrepreneurial adventure:
“Because of my love of sports, it was a natural progression to form a company where we can help top athletes in various sports the same way we have been helping artists in the music industry for years.”
In order to sign with Roc Nation Sports, the 30 year old four time All-Star left MLB super agent Scott Boras. Cano, who is named after baseball pioneer Jackie Robinson, wears number 24 in honor of the Brooklyn Dodger great's number 42, which had been retired by the time Cano entered the league. In yet another sign that Jay-Z has his tenticles all over pop culture, the rapper-turned-Nets-minority owner's "Brooklyn We Go Hard" has been used heavily in TV spots for the upcoming biopic on Jackie Robinson's life, 42: The True Story of an American Legend.
“At this point in my career, I am ready to take a more active role in my endeavors both on and off the field,” said Cano. “I am confident that the pairing of Roc Nation Sports and CAA Sports will be essential in helping me accomplish my short- and long-term goals. I am making this important decision now so I can keep my focus on helping the Yankees succeed in 2013, while minimizing any distractions for me and my teammates.”
For baseball purposes, Cano will be represented by a team of agents led by CAA Sports’ Brodie Van Wagenen. But don't rule out Jay-Z in the future. According to Buster Olney and Darren Rovell of ESPN:
"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."
If Jay-Z does give up his tiny share of the Nets, would he be able to sway clients to come to Brooklyn as an agent? Then again, Jay-Z probably wouldn't let his considerable Brooklyn pride and former ties to the Nets get in the way of getting the best deal for his client, wherever that may come from. After all, Jay-Z isn't a businessman. He's a business, man. So let him handle his business, damn.
Read More: RocNation - - Roc Nation Launches Roc Nation Sports + Signs New York Yankees All-Star Robinson Cano
Read More: ESPN Buster Olney and Darren Rovell - - Robinson Cano hires Jay-Z
Jay-Z listed the five coolest things about the Brooklyn Nets for GQ. The first few are good -- the jerseys (great), the court (beautiful), Barclays (The Black House), and Brooklyn. But the fifth?
Jay-Z: "Me? Ha, I am Brooklyn."
To be fair: he's probably right. Jay-Z is one of the coolest things about this franchise. Bruce Ratner and Mikhail Prokhorov can't sell a franchise to a borough while using eminent domain, but Jay-Z sure can!
Though if he wanted to seem humble, there are lots of other cool things about the Brooklyn Nets. Here are some of my suggestions:... MORE →
The fifth episode of The Road to Brooklyn, Jay Z's Life + Times, features Brooklyn residents talking about the meaning of the Brooklyn Nets to the borough -- and how that might change depending on the team. Jay-Z does not make an appearance, but some other familiar Brooklyn faces do, including Brooklyn borough president Marty Markowitz.
Sweet vid.