Found April 03, 2013 on
The players' union has granted Jay-Z temporary limited certification to serve as a baseball agent. But his path to formal, permanent certification will not be a simple process.
Rick Shapiro, senior adviser to the union, said Wednesday that Jay-Z was one of three representatives from his company, Roc Nation, to receive temporary limited certification.
Roc Nation Sports, a division of Roc Nation, announced Tuesday that it will represent Yankees second baseman Robinson Cano in conjunction with Brodie Van Wagenen of CAA.
Van Wagenen is the only person currently certified to represent Cano. Shapiro said the union has not yet received formal applications from Jay-Z and the two other Roc Nation representatives to become certified agents.
"When we do, we will review them, then make a determination whether to certify them as agents, similar to any other new agent application," Shapiro said. "We'll look at background, conflict of interests, the whole picture, we'll look at everything."
Jay-Z has potential conflicts of interest. He is part-owner of the Brooklyn Nets, whose games are televised by the Yankees Entertainment and Sports Network (YES). He also is appearing in concert at Yankee Stadium in July. As noted by Joel Sherman of the New York Post, he could be paid by the Yankees through a third party, Live Nation, at a time when he is negotiating with the team on Cano's behalf.
A conflict of interest would not automatically disqualify Jay-Z from becoming an agent, according to a source. Applicants also are asked about their criminal background, but a conviction also is not an automatic disqualifier, the source said.
Jay-Z, 43, received three years' probation in December 1999 after pleading guilty to a misdemeanor third-degree assault for stabbing record producer Lance "Un" Rivera.
He went on to become one of the most successful rappers, record producers and entrepreneurs in the U.S., and Forbes in 2012 estimated his net worth to be nearly $500 million.
Meanwhile, the union has advised Cano to expect a financial challenge from his previous agent, Scott Boras, if he sticks with his decision to change representatives, according to a source with knowledge of the situation.
Boras said Tuesday night that Cano signed a representation agreement with him on March 20. While Cano is free to sign with another agent, the agreement could entitle Boras to a percentage of the fees on any contract that the player signs within a one-year period.
It is not known whether an arbitrator would enforce the agreement if Boras sought to receive a percentage of a contract negotiated by Cano's new agents. Such a case would be the first of its kind, the source said.
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Jay-Z reportedly has opened a sports representation agency named Roc Nation Sports, and his first client is Yankees star Robinson Cano.
The big question, now that second baseman Robinson Cano has hired CAA and Jay-Z’s Roc Nation Sports as his new agents, is whether the switch means that the New York Yankees stand a better chance of signing him.
Brodie Van Wagenen, who will be Cano’s primary baseball agent for CAA, didn’t answer that question directly in an interview with FOXSports.com on Tuesday night...
Robinson Cano has switched agents, leaving behind a man known to push teams’ bidding as high as it can go in free agency.
With Scott Boras out of the picture and Cano working with CAA Sports, which is partnering with Jay-Z‘s Roc Nation Sports, all signs now seem to point toward Cano staying with the Yankees and possibly signing an extension this year.
The New York Post reports...
Shawn Carter, better known as Jay-Z, has announced a new full-service sports management company within his entertainment company, Roc Nation, called Roc Nation Sports.
Roc Nation Sports has partnered with Creative Artists Agency (CAA), a leading entertainment and sports agency, and has already signed their first client — Yankees star Robinson Cano. Cano, a four-time MLB All-Star...
Apparently Jay-Z has gotten bored with being a part owner of the Brooklyn Nets and decided that he needed another sporting endeavor. It’s unclear whether he himself will be a Sports Agent, or if he is merely the owner of the Agency, but he has already snagged a big client.
I was surprised to see that New York Yankees 2nd baseman Robinson Cano fired his super agent Scott Boras...
Being connected to rapper Jay-Z could mean dollars upon dollars in one’s bank account. Add that to his pull of being from New York and you have yourself set to [...]
New York Yankees second baseman Robinson Cano is changing agents as he nears the biggest decision of his career.
Cano, who can become a free agent at the end of the season, is hiring Creative Artists Agency to replace Scott Boras, according to major league sources.
CAA's baseball clients San Francisco Giants catcher Buster Posey and right-hander Matt Cain, Milwaukee Brewers...
Jay Z and his wife Beyoncé have kept the digital sphere buzzing this week. First the announcement that Jay was making his foray into the sports agency business. He’s already signed his first player in Yankees Robinson Cano. Next up Beyoncé unleashes her new Pepsi campaign. Like many artist that have formed recent partnerships, Beyoncé has taken creative control and is filtering...
Scott Boras has lost his touch.First, it was Alex Rodriguez who told the agent his services would no longer be needed. Then Mark Teixeira showed him the door. Now Robinson Cano has kicked Scott Boras to the curb and, if you believe the media reports, didn't even show the common courtesy of pointing the curb out to him before-hand.For so many years, all you ever heard was how...
Scott Boras hit it big with a massive contract extension for Elvis Andrus on Monday, but he won't get the chance to do the same with Yankees second baseman Robinson Cano. Cano fired Boras today, and has signed with Roc Nation Sports, a new agency under Jay-Z's Roc Nation umbrella that's partnering with the more-traditional CAA Sports.
Unlike Boras, CAA has a history...
The big news of the morning is that Robinson Cano has fired Scott Boras as his agent, and is joining a newly created wing of the CAA group that will be led by hip hop artist Jay-Z. I don’t pretend to know anything about hip hop artists and their geographical biases, so I’ll just go along with the consensus that hiring Jay-Z as his agent is a pretty good sign that Cano wants...