"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," Jay-Z explained in an official statement. "Our newest endeavor is committed to building the brands of professional athletes as we have done for some of today’s top music artists. Continue>>>
"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."
According to Yahoo!, Roc Nation Sports will partner with Creative Artists Agency, who will handle contract negotiations and day-to-day operations.