“I’m not a businessman. I’m a business, man.”
Jay-Z is on to something new.
The 43-year-old rapper is expanding his Roc Nation entertainment company into a full-service sports management company through a partnership with Creative Artists Agency (CAA), according to ESPN.
News broke Tuesday (April 2) that Roc Nation Sports has signed New York Yankees star Robinson Cano as its first client. The second baseman is currently in his final year of a six-year, $57 million deal with the team.
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“At this point in my career, I am ready to take a more active role in my endeavors on and off the field,” Cano said. “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.”
After obtaining a small share of the Brooklyn Nets franchise, it was only right for the business mogul to further shift his interests into sports management.
â€œBecause 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,â€ Jay-Z said in a statement.
If that’s not enough, sources say Blue Ivy’s papa is looking to be a certified agent, first in baseball and later in basketball (upon giving up his BK Nets share) and football.
While Roc Nation Sports’ initial launch is with CAA, the company will reportedly stand as its own company in the future.