Rap mogul Jay-Z may be ready to sell his stake in the NBA’s Brooklyn Nets team, however, new reports claim he will face an uphill battle if he wants to become a sports agent and sign NFL players to Roc Nation Sports.
According to reports, Young Hov will have to take the necessary and extensive steps to pass a certification test which would not go down until July 2014.
But given the NFLPA’s requirement that only certified agents be involved in the recruitment of clients, Jay-Z won’t be able to help deliver potential NFL clients for contract representation unless he secures the appropriate credentials from the players’ union. Per a source with knowledge of the situation, CAA realizes that Jay-Z will need to be certified in order to actively recruit players. That means he’ll have to pass the NFLPA’s admission test. Another source explains that the test is administered in July, with the applications typically due by February. That means Jay-Z couldn’t sit for the test until July 2014 at the earliest. (NBC Pro Football Talk)
Even trickier, Jigga will have to try to work around the necessary requirement of needing a postgraduate degree to recruit NFL players.
Of course, Jay-Z also would have to persuade the NFLPA to waive the requirement of a postgraduate degree. His extensive success in various types of business could be regarded as the kind of “negotiating experience” that would potentially exempt him from the educational requirements. If that happens, plenty of other agents will complain that he has received preferential treatment. All of this presumes that Jay-Z wants to be involved in the recruitment of NFL players for the negotiation of their football contracts. If he simply recruits players for other representation and if CAA separately recruits the same players and if the players decide to hire both Roc Nation and CAA and the paper trail makes it clear that Jay-Z had no role in recruiting players to sign with CAA, then it shouldn’t be an issue. Still, the joint venture would be a lot more effective if CAA could use Jay-Z to close deals. (NBC Pro Football Talk)
Earlier this month, buzz behind Jay aiming to sign NFL star Victor Cruz to Roc Nation Sports heated up the Internet.
Giants wide receiver Victor Cruz reportedly will follow Robinson Cano and join forces with Jay-Z as part of Roc Nation Sports, the latter’s latest venture to bridge the worlds of professional athletics, music, fashion and entertainment. The only difference between the Paterson native’s pending relationship with Jay-Z and the one Cano has entered into: Cruz isn’t changing representation because he doesn’t have to. After switching representation last month and hiring high-powered agent Tom Condon of CAA (Creative Artists Agency), Cruz essentially set the wheels in motion considering Jay-Z’s partnership exists under the same umbrella. While continuing to do his popular “Silk City Salsa” end zone dance after touchdowns last season, Cruz also began flashing the Roc hand sign made famous by Jay-Z, using both of his hands to form a diamond. (North Jersey)
Jay is reportedly in the process of selling off his portion of the Brooklyn Nets.
Entertainment mogul and rapper Jay-Z has started the process of divesting his small share of ownership with the Brooklyn Nets to extend his Roc Nation Sports representation business into basketball, sources told Yahoo! Sports. Jay-Z – whose real name is Shawn Carter – owns less than 1 percent of the Nets, but has been a central public figure in the franchise’s marketing and move from New Jersey to Brooklyn. Selling his share of the Nets is a necessary prelude for Jay-Z to obtain his National Basketball Players Association certification as an agent. NBA rules mandate that no one individual affiliated with a player representation company can have an ownership stake with an NBA team. (Yahoo News)