Show Him The Money! Jay-Z Is Now A Licensed Sports Agent
Add sports agent to Jay-Z’s already diverse resume. The rapper-turned-entrepreneur has now officially become a licensed sports agent for NBA and MLB players. And he can work for his newly created sports agency, Roc Nation Sports.
Roc Nation Sports spokesman Ron Berkowitz confirmed to ESPN that, as of this week, Jay-Z is now licensed to work as an NBA agent. Juan Perez, president of Roc Nation Sports, has also been certified with the National Basketball Players Association. (Perez and Jay-Z are longtime business partners. In addition to the sports agency, they co-own the 40/40 Club.)
MLB Players Association spokesman Greg Bouris further confirmed the news to ESPN.
There might bee a hold up for Jay-Z to actually start working as an agent. The hip-hop mogul had not sold his small ownership share (less than one percent) of the Brooklyn Nets, reports ESPN. Jay-Z will have to give up his share of the team in order to sign players because owners of NBA teams cannot represent players.
Despite this Jay-Z already has clients. According to the sports outlet (and us), Oklahoma City Thunder star Kevin Durant is expected to sign onto Jay-Z’s agency. The NBA player reportedly informed his current agent, Rob Pelinka, that he would sign with Jay-Z. Jay-Z’s firm has also signed New York Yankees second baseman Robinson Cano, New York Jets quarterback Geno Smith and ex- Notre Dame guard Skylar Diggins. Also in the works is New York Giants wide receiver Victor Cruz, who last week accepted a one-year free-agent tender offer of $2.879 million.
All these signings may spell trouble for Jay-Z. NFL Players Association officials are looking into if Jay-Z, who is still not certified with the NFL, violated the union’s “runner rule.” According to this rule, anyone who is not certified cannot recruit players. So Jay may have been a little overzealous, but something tells us they’re not going to make too much of a stink about it.