Brooklyn Nets minority owner Jay-Z has begun the process of selling his stake in the team so that he can become an NBA agent, according to a Yahoo! report.

ESPN's Darren Rovell tweeted that Jay-Z's .067 percent (1/15th of a percent) stake in the Nets is worth approximately $350,000, and he could sell it tomorrow if he wanted to.

Jay-Z would be required to relinquish his stake in the team in order to represent NBA clients as an agent. Rovell reports that the league told him he had to sell once he announced his desire to become an agent.

"It would be disappointing [if he left]," Nets interim coach P.J. Carlesimo said. "I'd be disappointed.

"He had an enormous amount to do with the rebranding of the team. I wasn't close to it at all, but from what I've seen, it would be hard to overstate his importance in this all. I like his involvement in the team; he's at the games, and maybe he's around more than I realize behind the scenes. But he's an excellent fan, one that wasn't just around this year, but a lot in the past too, which is very telling to me."

Nets CEO Brett Yormark would not comment.

Jay-Z's Roc Nation recently partnered with Creative Artist Agency (CAA) and landed New York Yankees second baseman Robinson Cano as his first client.

Haha, good thing he had pocket change invested in that franchise. $350,000 only?!!

Bet you see him courtside at the Knicks games next year.

So much for "The Blueprint for Greatness"

One is for fans

ONe is the the owners.

The Russian has killed it buying the team at discount and moving it.

He is not "selling" but "divesting".

My guess is Jay-z one day will get into the ownership game.

I would not be laughing cuz Nets value has soared!

The fact we have our first division title puff your chests out and swelling with pride?

Get real. Nets won before they even played a game in BKN!

Enjoy the knicks and don't get hit by the Kharma going forward.

19 years since first place, 40 form a chip is nothing to be turning your nose up on anyone.

ChuckBuck wrote:

Nalod wrote:
Im going to guess he doubled his money on his buy in. Not big money for him. But don't forget the "blueprint for greatness" has two meanings:

One is for fans

ONe is the the owners.

The Russian has killed it buying the team at discount and moving it.

He is not "selling" but "divesting".

My guess is Jay-z one day will get into the ownership game.

I would not be laughing cuz Nets value has soared!

The fact we have our first division title puff your chests out and swelling with pride?

Get real. Nets won before they even played a game in BKN!

Enjoy the knicks and don't get hit by the Kharma going forward.

19 years since first place, 40 form a chip is nothing to be turning your nose up on anyone.

Actually I kinda think it is. Knicks history is pathetic, yes. Last I checked 2 championships is still greater than 0 for the Swamp rats. And no I will not count the ABA, that's like Jackie Moon territory!

Your deflecting. Swamp rats came into theleague in 1977.

That was then, this is now. Deal with it. Your looking at it like a child, the pricipals who have equity are making some serious coin.

They not in Jersey anymore.

Nalod wrote:

ChuckBuck wrote:

Nalod wrote:

ChuckBuck wrote:

Nalod wrote:
Im going to guess he doubled his money on his buy in. Not big money for him. But don't forget the "blueprint for greatness" has two meanings:

One is for fans

ONe is the the owners.

The Russian has killed it buying the team at discount and moving it.

He is not "selling" but "divesting".

My guess is Jay-z one day will get into the ownership game.

I would not be laughing cuz Nets value has soared!

The fact we have our first division title puff your chests out and swelling with pride?

Get real. Nets won before they even played a game in BKN!

Enjoy the knicks and don't get hit by the Kharma going forward.

19 years since first place, 40 form a chip is nothing to be turning your nose up on anyone.

Actually I kinda think it is. Knicks history is pathetic, yes. Last I checked 2 championships is still greater than 0 for the Swamp rats. And no I will not count the ABA, that's like Jackie Moon territory!

Your deflecting. Swamp rats came into theleague in 1977.

That was then, this is now. Deal with it. Your looking at it like a child, the pricipals who have equity are making some serious coin.

They not in Jersey anymore.

Lol I thought Prokhorov wanted to take over the city? What happened to the 5 year plan to win a championship? As far as I can tell, their core 4 strategy fizzled out. The $300 million backcourt a bust. Jay-Z hedged his bets and jumped ship to pursue more profitable venues.

I'm looking at this as a realist. If looking at things realistically and through cold-hard reality is child like, I'm a big kid at heart.

P.S. - It's ok to like the ole Black and White. I think Joe Piscopo needs to add to his dwindling fan base.

What happened?

They got the 4th seed. Basically they have had a better season then the knicks did in the last 13 years!

They are investing in 2nd round picks and have won 48-49 games this season. pretty damn good.

Knicks had a better season, I take it your happy.

They have more than doubled the value of the franchise to move. Jay-z moving forward into another venture.

I read some comments that some are writing they feel his is a sort of turning his back on brooklyn. Crazy, the dude made (for him) a small investment and was able to use his marketing muscle. Basically Nets got most of it from free the way I see it. The rebranding was in part from Jay-Z end either from him or his group.

What happened to the promise? They still got a few years to make good but we know when anyone in the NBA makes a promise its just marketing noise.

Relish in their failure or not is your biz, but Prokhorov is making some serious money by moving and rebranding.

Knicks excellent season took a lot of steam out of the hype.

I don't know Nalod, I think you're wrong about Jay-Z:

http://espn.go.com/blog/new-york/brooklyn-nets/post/_/id/9828/is-jay-z-dissing-nets-fans

Jay-Z, the soon-to-be ex-minority owner of the Brooklyn Nets, has broken his silence ... well, cryptically, in a rap song released Thursday.

Jay-Z must sell his stake in the Nets -- a .067-percent (1/15th of one percent) share that is reportedly worth $350,000 -- to become a sports agent.

Here are some lyrics from his newest track, “Open Letter.”

Woulda brought the Nets to Brooklyn for free
Except I made millions off it, you f------ dweeb
I still own the building, I’m still keeping my seats
Y'all buy that b-------, you better keep y'all receipt.

For the record, dictionary.com defines “dweeb” as a slang term for “nerd,” “wimp.”

Jay-Z does say that he’ll still keep his stake in the Barclays Center, as well as his courtside seats.

But I don’t think he’ll be wearing Nets paraphernalia to games anymore.

Pretty obvious he's taking shots at "The Russian Dweeb".

Sorry to burst your bubble, Nalod, but the face of the Nets just turned his back on them, burned the bridge then queefed on their lawn.

ChuckBuck wrote:

Nalod wrote:

ChuckBuck wrote:

Nalod wrote:

ChuckBuck wrote:

Nalod wrote:
Im going to guess he doubled his money on his buy in. Not big money for him. But don't forget the "blueprint for greatness" has two meanings:

One is for fans

ONe is the the owners.

The Russian has killed it buying the team at discount and moving it.

He is not "selling" but "divesting".

My guess is Jay-z one day will get into the ownership game.

I would not be laughing cuz Nets value has soared!

The fact we have our first division title puff your chests out and swelling with pride?

Get real. Nets won before they even played a game in BKN!

Enjoy the knicks and don't get hit by the Kharma going forward.

19 years since first place, 40 form a chip is nothing to be turning your nose up on anyone.

Actually I kinda think it is. Knicks history is pathetic, yes. Last I checked 2 championships is still greater than 0 for the Swamp rats. And no I will not count the ABA, that's like Jackie Moon territory!

Your deflecting. Swamp rats came into theleague in 1977.

That was then, this is now. Deal with it. Your looking at it like a child, the pricipals who have equity are making some serious coin.

They not in Jersey anymore.

Lol I thought Prokhorov wanted to take over the city? What happened to the 5 year plan to win a championship? As far as I can tell, their core 4 strategy fizzled out. The $300 million backcourt a bust. Jay-Z hedged his bets and jumped ship to pursue more profitable venues.

I'm looking at this as a realist. If looking at things realistically and through cold-hard reality is child like, I'm a big kid at heart.

P.S. - It's ok to like the ole Black and White. I think Joe Piscopo needs to add to his dwindling fan base.

What happened?

They got the 4th seed. Basically they have had a better season then the knicks did in the last 13 years!

They are investing in 2nd round picks and have won 48-49 games this season. pretty damn good.

Knicks had a better season, I take it your happy.

They have more than doubled the value of the franchise to move. Jay-z moving forward into another venture.

I read some comments that some are writing they feel his is a sort of turning his back on brooklyn. Crazy, the dude made (for him) a small investment and was able to use his marketing muscle. Basically Nets got most of it from free the way I see it. The rebranding was in part from Jay-Z end either from him or his group.

What happened to the promise? They still got a few years to make good but we know when anyone in the NBA makes a promise its just marketing noise.

Relish in their failure or not is your biz, but Prokhorov is making some serious money by moving and rebranding.

Knicks excellent season took a lot of steam out of the hype.

I don't know Nalod, I think you're wrong about Jay-Z:

http://espn.go.com/blog/new-york/brooklyn-nets/post/_/id/9828/is-jay-z-dissing-nets-fans

Jay-Z, the soon-to-be ex-minority owner of the Brooklyn Nets, has broken his silence ... well, cryptically, in a rap song released Thursday.

Jay-Z must sell his stake in the Nets -- a .067-percent (1/15th of one percent) share that is reportedly worth $350,000 -- to become a sports agent.

Here are some lyrics from his newest track, “Open Letter.”

Woulda brought the Nets to Brooklyn for free
Except I made millions off it, you f------ dweeb
I still own the building, I’m still keeping my seats
Y'all buy that b-------, you better keep y'all receipt.

For the record, dictionary.com defines “dweeb” as a slang term for “nerd,” “wimp.”

Jay-Z does say that he’ll still keep his stake in the Barclays Center, as well as his courtside seats.

But I don’t think he’ll be wearing Nets paraphernalia to games anymore.

Pretty obvious he's taking shots at "The Russian Dweeb".

Sorry to burst your bubble, Nalod, but the face of the Nets just turned his back on them, burned the bridge then queefed on their lawn.

I wonder what Prokerov said or did to Jay-Z to make him write that. That sounds serious.

holfresh wrote:

3G4G wrote:The Dweeb comment wasn't directed at Prok or Nets ownership. I believe it's directed at those who broke initial news of how little ownership stake he had with the team.

That's been well known and documented for some time...

Yeah but this year it was more public as he somewhat had to defend himself to the media. Hence he addressed the situation at his concert performance when Barclay's opened this year.

Doesn't matter he's flipping pennies into gold and he's doing what no one else is doing in his lane

3G4G wrote:The Dweeb comment wasn't directed at Prok or Nets ownership. I believe it's directed at those(bloggers Knicks and Nets/media) who broke initial news of how little ownership stake he had with the team.

Good point. His celebrity figure definitely helped that franchise out a lot more than his small stake suggests.