Jay-Z To Become Agent, Founds Roc Nation Sports

When the Nets moved from New Jersey to Brooklyn last year, rapper and entrepreneur Jay-Z was one of the faces of the transition. A minority owner of the Nets, Shawn Carter opened the Barclays Center with a series of concerts last fall and could be found courtside at many of the team's games this season. However, it appears he may be on his way to giving up his stake in the franchise.

Darren Rovell of ESPN.com reports that Jay-Z is planning to become a certified sports agent, first in baseball and eventually in basketball and football. The first client for Jay-Z's Roc Nation Sports was revealed earlier today — through a partnership with Creative Artists Agency, Roc Nation Sports will represent New York Yankees second baseman Robinson Cano, as Cano announced in a statement this morning. In order to represent NBA players, however, Jay-Z will be required to part with his share of the Nets.

Although the initial launch is with CAA, Roc Nation Sports will be its own company, says Rovell. It's not clear yet whether there's a timeline for Jay-Z becoming certified as an NBA agent, or which NBA players may join Roc Nation Sports.