Originally posted on The Other Paper  |  Last updated 9/4/13
It sounds like Jay Z is taking this whole sports agent thing pretty seriously. The entrepreneurial rapper is selling his minority ownership in the Brookyn Nets to head coach Jason Kidd, sources told Page Six of the N.Y. Post. The sources claim Kidd will take over Jay’s .067 percent (1/15th of a percent) stake in the team for about $500,000. The move comes as Jay was forced to sell his Nets shares over a conflict of interest after he started a sports agency, Roc Nation, signing clients including Yankee Robinson Cano and NBA star Kevin Durant. "Other owners want to give Jason a part ownership of the team, and urged Jay to sell his shares to him," said the source. Page Six said: Amazingly, Jay was introduced to the team in 2003 by Drew Katz, the son of one of the Nets’ principal owners, after Kidd, then the Nets’ marquee point guard, suggested the music mogul buy the team. According to reports, Jay helped design the team logos and choose the Nets’ stark black-and-w...
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