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Jay-Z to sell his ownership in Nets & become a NBA agent

Posted on 4/9/13 at 7:02 pm
Posted by TigerintheNO
New Orleans
Member since Jan 2004
41158 posts
Posted on 4/9/13 at 7:02 pm
quote:

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


Rival agents are anxious over the possibilities of Jay-Z on the recruiting trail, believing the lure of his iconic business and cultural standing will have a major impact on attracting top prospects and current league stars.




LINK
Posted by Pilot Tiger
North Carolina
Member since Nov 2005
73142 posts
Posted on 4/9/13 at 7:03 pm to
NBA agents better be scared
Posted by TH03
Mogadishu
Member since Dec 2008
171035 posts
Posted on 4/9/13 at 7:04 pm to
Oh snap
Posted by Macintosh504
Leveraging Salaries University
Member since Sep 2011
52530 posts
Posted on 4/9/13 at 7:04 pm to
i have a feeling he is going to frick up the league
Posted by wildtigercat93
Member since Jul 2011
112238 posts
Posted on 4/9/13 at 7:05 pm to
Hope he plans on having a guy to do the contract negotiations for him
Posted by CtotheVrzrbck
WeWaCo
Member since Dec 2007
37538 posts
Posted on 4/9/13 at 7:05 pm to
quote:

i have a feeling he is going to frick up the league
Posted by tigerpimpbot
Chairman of the Pool Board
Member since Nov 2011
66890 posts
Posted on 4/9/13 at 7:05 pm to
Master P is going to have to step up his game.
Posted by KingRanch
The Ranch
Member since Mar 2012
61590 posts
Posted on 4/9/13 at 7:08 pm to
That should go over well
Posted by massiveattack
CharLIT/Chapel Chill
Member since Oct 2010
11551 posts
Posted on 4/9/13 at 7:09 pm to
Wow....he'll get whomever he wants
Posted by TigerintheNO
New Orleans
Member since Jan 2004
41158 posts
Posted on 4/9/13 at 7:09 pm to
quote:

Hope he plans on having a guy to do the contract negotiations for him


I would be surprised if he dealt with anyone other than the max contract players.
Posted by wildtigercat93
Member since Jul 2011
112238 posts
Posted on 4/9/13 at 7:10 pm to
quote:

I would be surprised if he dealt with anyone other than the max contract players.


If any of his players signed with the Nets, red flags would go up everywhere
Posted by papz
Austin, TX
Member since Jul 2008
9330 posts
Posted on 4/9/13 at 7:13 pm to
Exactly. Rookie contracts are typically scaled a certain way also. You would also think he along with his team would know a thing or two about negotiating contracts. Smart businessman.
Posted by papz
Austin, TX
Member since Jul 2008
9330 posts
Posted on 4/9/13 at 7:15 pm to
Why? He wouldn't own any part of the team anymore. Any sort of kick backs could be part of the contract.
Posted by beaverfever
Little Rock
Member since Jan 2008
32643 posts
Posted on 4/9/13 at 7:16 pm to
He owns less than one percent of the nets? That probably doesn't even get you season ticket tickets court side. Sounds like him being the face of the new look nets was just a publicity thing.
Posted by Pedro
Geaux Hawks
Member since Jul 2008
33376 posts
Posted on 4/9/13 at 7:24 pm to
Sell so hard...
Posted by Sheep
Neither here nor there
Member since Jun 2007
19486 posts
Posted on 4/9/13 at 7:25 pm to
Aren't NBA contracts (fairly) structured/pre-determined anyway?
Posted by shel311
McKinney, Texas
Member since Aug 2004
110670 posts
Posted on 4/9/13 at 7:38 pm to
quote:

Hope he plans on having a guy to do the contract negotiations for him
Why's that?
Posted by dj30
New Orleans
Member since Feb 2006
28714 posts
Posted on 4/9/13 at 7:43 pm to
quote:

He owns less than one percent of the nets? That probably doesn't even get you season ticket tickets court side.


Posted by Na Mean
This is me yo.
Member since Mar 2013
2954 posts
Posted on 4/9/13 at 7:44 pm to
Allow me to reintroduce myself, my name is HOV...
Posted by wildtigercat93
Member since Jul 2011
112238 posts
Posted on 4/9/13 at 7:48 pm to
quote:

Why's that?


NBA GMs and Lawyers would take him to school during negotiations, unless NBA contracts are more set than i thought

I still wouldnt want my financial future in the hands of a guy with that little experience
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