Breakfast Club Rumor Report

 

POWER MOVES: Jay-Z Launches Sports Agency + Signs Robinson Cano

POWER MOVES: Jay-Z Launches Sports Agency + Signs Robinson Cano

He shows you how to DO this son...

NY Times reports:

With a double-barreled announcement Tuesday that he was opening his own sports agency, and that he was stealing the Yankees star Robinson Cano from the most powerful agent in baseball, Jay-Z stands poised to shake up the sports world by offering athletes something they cannot find anywhere else: himself.

A little about the agency:

Roc Nation Sports is the newest arm of Roc Nation, Jay-Z’s “full-service entertainment company” that has quickly built a strong reputation...

Roc Nation Sports represents the latest piece of the Jay-Z empire, which already includes nightclubs, video games, a clothing line and a small ownership stake in the Nets. ...

Now, we're talking numbers:

In baseball, agents typically receive 5 percent of a deal. Cano, a 30-year-old All-Star second baseman, is expected to command at least a $200 million contract whether or not he becomes a free agent at the end of the season, which means Roc Nation and Creative Artists could earn as much as $10 million on Cano alone. It was unclear how Roc Nation and Creative Artists would divide their fees, and how much Jay-Z would receive.

There isn't a glass cieling in sight for Jay-Z. None.

--I show you how to tweet me, son: @NessaLovesMUSIC.

 

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