Jay-Z On The Cover Of TIME Magazine

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Jay-Z graces the cover of TIME Magazine’s 100 Most Influential People In The World issue. New York City’s Mayor Michael Bloomberg wrote the following:

Jay Z embodies so much of what makes New York New York. A kid from a tough neighborhood who grows up in public housing, overcomes lots of bad influences on the street, never lets go of his dream, makes it to the top — and then keeps going, pursuing new outlets for his creativity and ambition. When no one would sign him to a record contract, he created his own label and built a music empire — before going on to design clothing lines, open sports bars and, most recently, represent professional athletes. He’s an artist-entrepreneur who stands at the center of culture and commerce in 21st century America, and his influence stretches across races, religions and regions. He’s never forgotten his roots — “Empire State of Mind” was a love song to our city — and as a co-owner of the NBA Nets, he helped bring a major league sports team back to Brooklyn, not far from his old neighborhood. In nearly everything he’s tried, he’s found success. (He even put a ring on Beyoncé.) And in doing so, he’s proved that the American Dream is alive and well.

Jay-Z Ft Swizz Beatz – Open Letter

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After taking some time off, Jay-Z makes his grand return to the music scene with this new record ‘Open Letter’ featuring Swizz Beatz and produced by both Swizz Beatz and Timbaland. The track was recorded last night and he addresses a few things on this, including his recent trip to Cuba, rumors of him selling his share of the Brooklyn Nets and his new deal with Universal. Hov has been busy working on a new solo album and is aiming to release it later this year.

Download: Jay-Z – Open Letter [Prod. By Timbaland & Swizz Beatz]

Jay-Z To Sell Ownership In Brooklyn Nets For Roc Nation Sports Agency Launch

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The last week has been an interesting one for the Jiggaman, to say the least, with the official launch of his Roc Nation sports agency, signing New York Yankees second baseman Robinson Cano and yesterday’s announcement of a global partnership with Universal Music Group. This includes a future record release for not only himself, but also Rihanna and J. Cole.

Due to a conflict of interest with the NBA prohibiting any owner from having agent contractual affiliation with an athlete, Jay is giving up his share of the Brooklyn Nets in order to obtain a National Basketball Players Association certification to become an agent.

As the 2013 NBA Draft nears in June, Creative Artists Agency (CAA) and Jay are taking the necessary steps in order to formally launch the brand, focusing on the long-term business in comparison to just one draft.

Many owners are worried about Jay’s worldwide celebrity, which may shy away many athletes to bigger markets (i.e. NYC teams). The house that Hov built will soon be no more in the coming months, with Jay leaving court-side to become an day-to-day agent with athletes in global market, entertainment and business.

Jay-Z Launches Roc Nations Sports Agency

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Jay-Z will not only be serving as an adviser and face for the Brooklyn Nets, but he’s also announced today his official sports agency, Roc Nation Sports. The first client to help launch the brand is none other than New York Yankees second baseman Robison Cano who finally fired everyone’s “favorite” agent Scott Boras. Jiggaman went on to say,

“Because of my love of sports, it was a natural progression to form a company where we can help top athletes in various sports the same way we have been helping artists in the music industry for years,” said Carter.

It’s no secret Jay’s always been involved with sports advising some of his closest friends including LeBron James and now will have hands on experience officially. Cano who’s in the final year of his $57M contract will look to continue his 2012 gold glove year and become the new captain of the New York Yankees with Derek Jeter’s retirement nearing.

“At this point in my career, I am ready to take a more active role in my endeavors both on and off the field,” said Cano. “I am confident that the pairing of Roc Nation Sports and CAA Sports will be essential in helping me accomplish my short- and long-term goals. I am making this important decision now so I can keep my focus on helping the Yankees succeed in 2013, while minimizing any distractions for me and my teammates.”

We expect Cano to re-up with the New York Yankees for a max-deal (obviously), as we could see more major sporting figures looking to align themselves with Jay and Juan for representation purposes.