Entertainers Jay-Z and Beyonce watch Brooklyn Nets play New York Knicks in NBA game in New York

Jay-Z selling shares of Nets, getting into player agent business

51 Comments

Jay-Z has 99 problems but soon the Nets won’t be one.

It was rumored a few weeks ago that athletes from baseball and football — Robinson Cano of the Yankees, for one — were about to jump agents to Roc Nation Sports, a Jay-Z headed representation agency that is partnered with powerhouse Creative Artists Agency.

Jay-Z wants to gets some basketball players in that stable of clients, but first he has to take some other steps and has started the process, reports Adrian Wojnarowski at Yahoo Sports.

Entertainment mogul and rapper Jay-Z has started the process of divesting his small share of ownership with the Brooklyn Nets to extend his Roc Nation Sports representation business into basketball, sources told Yahoo! Sports….

Selling his share of the Nets is a necessary prelude for Jay-Z to obtain his National Basketball Players Association certification as an agent. NBA rules mandate that no one individual affiliated with a player representation company can have an ownership stake with an NBA team.

Jay-Z would not be the guy handling the contract negotiations or day-to-day of the agency, that falls to the CAA agents. However, what he brings in terms of marketing connections is impressive. Plus he’d be a recruiting force in an already cutthroat business.

Jay-Z owns less than one percent of the now Brooklyn Nets. However, he had great influence in the color scheme and uniform design for the Nets — back and silver with an old-school classic logo — as well as designing some high-end luxury suites at the Barclay’s Center in Brooklyn.

He’s supposed to have a buyer and process in place so his agency can go after players in this year’s NBA Draft.

And if you’re a 19-year-old guy out of college and Jay-Z gets on the phone with you, says he loves your game and says he wants to rep you, what do you think the answer is?

Report: Rockets will leave Donatas Motiejunas’ offer sheet open

NEW YORK, NY - JANUARY 12:  Donatas Motiejunas #20 of the Houston Rockets and Bojan Bogdanovic #44 of the Brooklyn Nets fight for the loose ball at the Barclays Center on January 12, 2015 in the Brooklyn borough of New York City.The Houston Rockets defeated the Brooklyn Nets 113-99. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this photograph, user is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Elsa/Getty Images)
Elsa/Getty Images
Leave a comment

Donatas Motiejunas’ agent, B.J. Armstrong, said he knows their rights.

Apparently, so does Houston.

Motiejunas has refused to take a physical with the Rockets since they matched his offer sheet from the Nets. So, Houston will hold him on that offer sheet indefinitely.

Jonathan Feigen of the Houston Chronicle:

Motiejunas can’t sign an offer sheet with another NBA team. He probably can’t even join an overseas team in a FIBA-accredited league, because his NBA holdout will prevent him from getting clearance.

All he can do is submit to a physical or negotiate a new deal with the Rockets.

Motiejunas could undergo a physical anytime between now and March 1. If he passes, he’d join Houston on the terms of his matched offer sheet. If he fails, he’d go to Brooklyn on the original offer-sheet terms (which are $6 million apart).

Motiejunas could also negotiate a new deal with the Rockets. They have immense leverage with his matched offer sheet in place, but perhaps a compromise could be forged. Motiejunas obviously wants a chance at that $6 million, but he’ll have to concede something in exchange. Maybe that’s a later guarantee date on his 2017-18 salary. If both sides agree to a different contract, Houston would withdraw its match, which would make Motiejunas a restricted free agent. Then, the Rockets could re-sign him.

They sure aren’t letting him out of this limbo just to seek a better offer sheet from another team. A new contract must already be agreed upon.

In the meantime, Motiejunas will continue to count toward the Nets’ team salary while the offer sheet is open, which is a nuisance but not hugely disruptive. They have plenty of cap space anyway, and the odds of adding significant salary in a trade are low.

Houston will continue to play without Motiejunas. That’s also not ideal for the Rockets, but they’ve been fine without him so far.

The qualifying offer will expire on March 2, when Motiejunas will no longer be eligible to sign an offer sheet with another team. He’d still be allowed to re-sign with Houston, though. Failing that, he’ll re-enter free agency next summer, when the Rockets could again make him restricted, and we’ll start the process all over again – with the caveat that the Nets can’t sign him for one year after his offer sheet expires.

Maybe something will break before it gets to that point, but Houston and Motiejunas have trudged deeper into this standoff than ever imaginable.

Stephen Curry skips pass between DeAndre Jordan’s legs, gets Zaza Pachulia a layup (video)

Leave a comment

Nicolas Batum wasn’t the only player to bounce a pass through an opponent’s legs last night.

Stephen Curry nutmegged DeAndre Jordan on this sweet assist to Zaza Pachulia.

Clint Capela and Montrezl Harrell take turns dunking on Julius Randle (videos)

LOS ANGELES, CA - DECEMBER 05:  Head Coach Luke Walton of the Los Angeles Lakers talks with Julius Randle #30 during the second half of a 107-101 Jazz win at Staples Center on December 5, 2016 in Los Angeles, California.  NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Harry How/Getty Images)
Harry How/Getty Images
Leave a comment

Rough night for the Lakers, who lost 134-95 to the Rockets.

It was particularly harsh for Julius Randle, who got dunked on by Clint Capela:

And then Montrezl Harrell:

Giannis Antetokounmpo called for 10-second violation on free throw (video)

3 Comments

This Giannis Antetokounmpo 10-second violation was a year in the making.

Unfortunately for the Trail Blazers, it was too little, too late. Antetokounmpo still finished with 15 points, 12 rebounds, 11 assists, four blocks and two steals in the Bucks’ 115-107 win.