As Jay-Z sells, Nets losing minor owner, big name Print
Written by Admin   
Wednesday, 10 April 2013 11:08
NBA Headline News

 NEW YORK (AP) - 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.
Yahoo Sports, which first reported Jay-Z's plans, said his Roc Nation company has partnered with Creative Artists Agency (CAA) and hopes to compete for players in this June's NBA draft.
Jay-Z owns less than 1 percent of the Nets, but has had a major impact with the franchise's move to his hometown. He had input and in some cases complete control of everything from the interior of the $1 billion Barclays Center to the design of the team's black-and-white uniforms, which he debuted himself during his run of eight sold-out concerts in September that served as the debut of the arena.
A spokesman for Jay-Z, whose real name is Shawn Carter, did not respond to a message.
Friendly with LeBron James and a number of sports superstars, Jay-Z could quickly make Roc Nation a force in the agency field. The company recently signed New York Yankees All-Star Robinson Cano. The Nets hoped his reputation and friendships would help them three years ago when James led a loaded field of free agents, but the Nets, then playing in Newark, failed to land any of them.
Jay-Z attended only a handful of games this season, but his affiliation with the franchise provided a necessary buzz for its first season in Brooklyn. He sat in his courtside seat next to wife Beyonce in November when the Nets beat the Knicks in their first matchup as New York rivals, providing the trash talk afterward when he tweeted that the city was under new management.
The Nets have clinched their first playoff berth since 2007 and are in position to have home-court advantage in their first-round series.
 

NBA Team Pages

Top NBA Public Bets

View All: NFL |  NBA |  NCAAF |  NCAAB |  MLB |  NHL

NBA Futures

NBA TEAM NBA FINALS ODDS CURRENT
CLEVELAND CAVALIERS 3/1
SAN ANTONIO SPURS 13/2
CHICAGO BULLS 13/2
OKLAHOMA CITY THUNDER 13/2
LOS ANGELES CLIPPERS 12/1
HOUSTON ROCKETS 12/1
INDIANA PACERS 18/1
GOLDEN STATE WARRIORS 20/1
DALLAS MAVERICKS 25/1
MIAMI HEAT 25/1
View All

Privacy Policy | Terms of Service | Contact Us | Advertising | 888-99-SPREAD

THIS IS NOT A GAMBLING SITE – If you think you have a gambling problem click here.

Disclaimer: This site is for informational and entertainment purposes only. Individual users are responsible for the laws regarding accessing gambling information from their jurisdictions. Many countries around the world prohibit gambling, please check the laws in your location. Any use of this information that may violate any federal, state, local or international law is strictly prohibited.

Copyright: The information contained on TheSpread.com website is protected by international copyright and may not be reproduced, or redistributed in any way without expressed written consent.

About: TheSpread.com is the largest sports betting news site in the United States. We provide point spread news, odds, statistics and information to over 199 countries around the world each year. Our coverage includes all North American College and Professional Sports as well as entertainment, political and proposition wagering news.

©1999-2013 TheSpread.com