Jay-Z Will Sell His Nets Stake To Become An NBA AgentBarry Petchesky4/10/13 9:14amFiled to: jay-zbrooklyn netsagentsnbagettypicrobinson cano552EditPromoteShare to KinjaToggle Conversation toolsGo to permalinkJay-Z's expansion into the sports agency biz—announced with the signing of Robinson Cano last week—isn't going to stop at baseball. The whole point of putting Jay-Z's name on the enterprise is to use him as a lure for starstruck players, and nowhere is his brand stronger than in basketball. But if he's going to represent NBA players, he's not allowed to own an NBA team. Goodbye Brooklyn. AdvertisementAdrian Wojnarowski reports that Jay-Z has already started the process of unloading his share of the Nets, and hopes to have it done by the end of June. Why June? The NBA Draft, and league conflict-of-interest rules mandate that licensed NBPA agents can't have an ownership stake in a team.This shouldn't be a long process—Jay-Z's ownership of the Nets is a token one-fifteenth of one percent, or about a million dollars. (He went to great lengths to keep this figure under wraps.) His Nets union was as fruitful as it was short-lived: despite his small stake, he's become the public and commercial face of the team. The black jerseys? His design. The Barclays Center contains a 40/40 club, a Rocawear store, and its luxury suites carry Armond de Brignac champagne. Even without actual ownership, Brooklyn remains his team—and both his and the Nets' brands are better off for it.