A quick update, apparently Jay Z is still not officially a NBA agent as the NBPA is still awaiting verification from him and the Nets that he has officially divested from ownership of the team. According to Liz Mullen of the Sports Business Journal, the NBPA said his agent certification is pending documents of his divestment and then they will officially make him an agent.
Jay Z made a big splash into the realm of agents by stealing Yankees second baseman Robinson Cano from Scott Boras, one of the biggest and probably most notorious agents in sports. Jay Z can’t officially take on any NBA clients until he is certified, although he does already have an agreement with Kevin Durant. The reason he needs to sell his share in the team to do that is because the NBA sees it as a conflict of interests for one person to represent both a player and ownership.
Jay Z has said in interviews that he is moving on from being owner because his main goal of bringing the Nets to Brooklyn has been accomplished. He has also said that he wants to get into representing athletes, as well as potentially representing musicians as well, because he’s seen too many athletes go from being rich to broke and feels like agents are being too lax at helping their clients do more than simply sign deals. He thinks that his presence as an agent can help change that so other agents become more interested in the long-term future of their clients.