Jay-Z to Sell His Interest in NYC NBA Team

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By Alicia Cruz
Associated Content

Rapper Jay-Z announced last week that he would sell his stake in NBA team the Brooklyn Nets.

After launching Roc Nation Sports, a sports management agency, Jay-Z (nee Shawn Carter) had to sell due to NBA rules against "double-dipping."

According to the NBA rules, agents cannot have title to a team and represent an athlete. So in order for Carter to venture on with his sports management endeavor, he had to sell his stake in the Nets.

Carter, who relocated the Brooklyn Nets to his hometown borough from neighboring New Jersey this season, is married to mega entertainer Beyonce Knowles-Carter. The dynamic duo have a beautiful daughter, Blue Ivy.

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