Jay-Z makes reports official: “My job as an owner is over”

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Jay-Z is out.

We brought you the report a couple weeks ago that rapper/mogul Jay-Z was selling his sliver of a share of the Brooklyn Nets so he could get into the player agent game. (Jay-Z owns less than one percent of the Nets.)

He seemed to confirm the sale in a song “Open Letter” that dropped a few days after reports surfaced he was selling.

“I would have brought the Nets to Brooklyn for free, except I made millions off of you [expletive] dweebs. I still own the building, I’m still keeping my seats. If you buy that [expletive], you better keep your receipts.”

But in a statement on Lifeandtimes.com, Jay-Z made it official that he is out of the ownership business.

Being a member of the Nets organization surpassed some of my greatest ambitions. It was never about an investment; it was about the NETS and Brooklyn. My job as an owner is over but as a fan it has just begun. I’m a Brooklyn Net forever. It’s been an honor to work with Mikhail Prokhorov, Dmitry Razumov, Christophe Charlier, ONEXIM Sports and Entertainment, Brett Yormark and all the wonderful people involved in making the Nets first class. My sincerest thanks goes to Bruce Ratner, who first introduced the idea of moving the Nets to Brooklyn. A thank you and deepest appreciation goes to the fans. You are the lifeblood of any team.

The Nets have made their mark on the NBA and as they enter a new era, Roc Nation does as well; as we embark on Roc Nation Sports. Our newest endeavor is committed to building the brands of professional athletes as we have done for some of today’s top music artists. For Roc Nation Sports to function at its full potential, NBA rules stipulate that I relinquish my ownership in the Brooklyn Nets. It was a tough decision but as I stated earlier, it’s not about ownership. Congratulations to The Nets on a great season and making the playoffs! I will always be a Brooklyn Net.

Jay-Z had to get out because he wants to get into the player representative/agent business. He helped form to Roc Nation Sports, a partnership with powerhouse Creative Artists Agency where Jay-Z helps provide marketing to players. Robinson Cano of the Yankees is reportedly one of a handful of players already on board.

There are reports Reddit co-founder Alexis Ohanian wants to buy Jay-Z’s small share of the team.

DeMarcus Cousins barrels in for powerful putback dunk over Bucks (video)

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When DeMarcus Cousins builds up a head of steam like this… poor John Henson (and kind of Khris Middleton).

This helped the Pelicans pull away for a 115-108 win over the Bucks last night.

Enraged Jason Smith restrained from Mario Chalmers (video)

AP Photo/Nick Wass
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During the Wizards’ win over the Grizzlies last night, Mario Chalmers tried to stop Jason Smith from shooting after Smith had been called for travelling. It’s a fairly common tactic, one pioneered by Kevin Garnett. Players don’t want their opponents to gain confidence by seeing the ball go through the net, even after play stops.

But Chalmers held onto Smith’s arm, and Smith took umbrage.

NBC Sports Washington:

I think it’s more likely, after halting Smith’s shot, Chalmers was trying to hold up Smith rather than yank him down. But I can’t know Chalmers’ intentions, and holding up a falling person by his arm isn’t very effective.

The double technical foul called seems about fair.

PBT Extra: Two months from trade deadline watch DeAndre Jordan and… Paul George?

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The NBA trade deadline got moved up this season to Feb. 8 so the league can avoid the spectacle of DeMarcus Cousins being traded during the All-Star Game and then doing an uncomfortable press interview afterward where he had to be told of the situation.

That means we are less than two months away from the trade deadline, and in this PBT Extra I look at the big names that could be on the market.

The Clippers seem likely to move DeAndre Jordan, the only questions are where and what will they get back? But three other teams have big decisions to make about their stars: Oklahoma City with Paul George, New Orleans with DeMarcus Cousins, and Memphis with Marc Gasol. Right now none of those guys are on the market, but that could change.

Trey Lyles dunks on Jayson Tatum then disrespects him far worse (video)

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Trey Lyles made a nice play in the Nuggets’ loss to the Celtics last night, driving by Jayson Tatum then dunking on him.

On the other hand, that swirl around Tatum’s head was not very nice at all.