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The rapper wants to get officially certified as an agent, and he has to give up his stake in the Nets if he wants to do that.
Last week Jay-Z announced last week that he has started a sports agency called Roc Nation Sports. The firm is currently partnered with CAA, meaning agents from CAA will actually rep Roc Nation players.
Even though Jay-Z is a big part of the branding of the Brooklyn Nets, his ownership stake is less than one percent, Wojnarowski reports.