Does this guy ever stop?! NOPE! I don’t think he even sleeps. Hov just made another power move by becoming a licensed agent for NBA players. So what does that mean? Find out after the jump…
Will Jay-Z actually represent clients of his newly created sports agency, Roc Nation Sports, in contract negotiations?
Ron Berkowitz, a spokesman for Roc Nation Sports, confirmed to ESPN.com that, as of this week, Jay-Z is now licensed to work as an NBA agent. Juan Perez, president of Roc Nation Sports, also is now certified with the National Basketball Players Association.
What’s not clear is how soon Jay-Z can represent players. A source close to the situation said that, as of Wednesday, the hip-hop mogul had not sold his small ownership share (less than 1 percent) of the Brooklyn Nets.
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. Owners of NBA teams cannot represent players.
The first NBA player Jay-Z is expected to sign is Oklahoma City Thunder star Kevin Durant, who told his agent, Rob Pelinka, in recent days that he would sign with Jay-Z. Durant has not commented publicly.