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24hourhiphop

Jay Z & RocNation Under Question For Business Practices

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  Jay Z continues to stay on the rise as a sports agent while others in the industry complain about his practices.

 

 

Forbes Magazine published a recent Sports Law Review titled “Jay Z Has 99 Problems, And Being A Sports Agent May Be One.” The article gives inside look of some of the grievances other agencies have expressed both publicly and behind closed doors.

Most of the complaints are just speculation. For example, they question whether Jay is guilty of interference by attempting to “poach” athletes already signed to other agents and not disclosing that communication. The article suggests that rivals like Scott Boras (Cano’s former agent) and Rob Pelinka (Durant’s former agent) could sue Jay for interfering with a contractual relationship.

 

cano

 

Hold up! I am sure they’re just as guilty of some unethical practices; the only difference is no one bitching about it. Just sound like all hate, Jay is known to be a shark in the business sense. Like I said before these complaint are just speculation.

 

The Forbes article goes on to question whether Jay violated players’ associations’ regulations by signing clients before being officially certified. It later points out other agent’s concerns that the Hip Hop mogul has engaged in unethical behavior.

 

“Jay Z is by no means the only agent to raise such suspicion, but due to his worldwide fame, the suspicion surrounding him quickly becomes headline news,” states the article. “Whether Jay Z’s actions are actually a violation of any code of ethics is not really clear, but some of his actions definitely have agents, media, and others complaining of unfair play.”

 

What it is at this point is just suspicion, this has not stopped Jay and Roc Nation Sports from continuing to add major players to its growing roster. The agency recently signed New York Giants’ Hakeem Nicks.

 

Does Roc Nation Sport’s competition have legitimate complaints? Or are they just feeling the heat as Jay continues to pull in high-profile athletes like Robinson Cano, Kevin Durant, CC Sabathia, and Victor Cruz?

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