Posted in general | music on September 4, 2013

Jay Z at Yankee Stadium in July (more by Dana (distortion) Yavin)
Jay Z

Earlier this year, Jay Z announced he'd be selling his 'miniscule stake in the Brooklyn Nets,' and it's now being reported that part or all of that stake will be sold to Nets coach Jason Kidd. Reports NY Post:

We're told Kidd will take over Jay's .067 percent (1/15th of a percent) stake in the team for about $500,000.

The move comes as Jay was forced to sell his Nets shares over a conflict of interest after he started a sports agency, Roc Nation, signing clients including Yankee Robinson Cano and Oklahoma City star Kevin Durant.

A source told us, "Other owners want to give Jason a part ownership of the team, and urged Jay to sell his shares to him."

Amazingly, Jay was introduced to the team in 2003 by Drew Katz, the son of one of the Nets' principal owners, after Kidd, then the Nets' marquee point guard, suggested the music mogul buy the team.

According to reports, Jay helped design the team logos and choose the Nets' stark black-and-white color scheme, and personally appealed to National Basketball Association officials to drop their objections to it.

Jay is still the director of Barclays Center though (where the Nets play). Upcoming shows there include Phoenix, Nine Inch Nails, Queens of the Stone Age, Beyonce (all four of whom just played the Jay Z-curated Made In America fest), Yeah Yeah Yeahs, Justin Timberlake, Drake, Vampire Weekend, and more.

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Comments (9)

Why would the NBA oppose a color scheme of black and white?

Posted by Anonymous | September 4, 2013 4:30 PM

That's going to make things really uncomfortable when Jason Kidd is fired for being a shitty coach

Posted by Anonymous | September 4, 2013 5:01 PM

430, too stark, not enough colors being used - most teams have at least three colors in their scheme, the knicks have blue, orange, white, silver, and black

Posted by Anonymous | September 4, 2013 6:20 PM

I love this song! Nothing´╗┐ make me want to .....scary dude.....scary

Posted by Janiya | September 29, 2013 2:36 PM

5:01pm

Kidd will never be fired. If he doesn't do the job he will resign in whichever way (he goes to the team or vice versa.)

Team icons are rarely fired. The Yankees firing Yogi Berra and the Detroit Tigers firing Alan Trammell are the only instances I can recall of a team icon being fired by the team.

Posted by D | September 29, 2013 4:22 PM

:Team icons are rarely fired"

lol at D. Let's see, Willie Mays, Johny Unitias, Joe Namath, Joe Montana, Bret Farve, Jerry Rice, Payton Manning...I could go on.

D, you don't know shit about sports.

Posted by Anonymous | September 29, 2013 7:54 PM

Hey stupidass 7:54pm

Willie Mays, Jonny Unitas, Joe Namath, Jerry Rice, Joe Montana, Bret Favre, and Payton Manning couldn't be fired since they were never coaches or managers to be fired you dumb shit.

I'm talking NFL, NBA, and NHL coaches, and MLB managers i.e. icons who were those things and fired.

LOL @ you for not knowing the difference between players' fates and coaches fates you dumb shit.

Posted by D | September 29, 2013 8:01 PM

BTW clueless Willie Mays and Johnny Unitas were TRADED. Joe Montana was TRADED from the 49ers to the Kansas City Chiefs and he made the 49ers pay for it dearly as he helped the Chiefs get to one win away from the Super Bowl. He also beat his former team the next season. Jerry Rice left the 49ers, signed with the Oakland Raiders, and helped the Raiders reach their first Super Bowl since their last SB victory appearance. Favre retired then the Packers freed him to sign elsewhere after he asked to be released so he could play elsewhere and that he did.

Traded is not fired. Leaving a team is not fired. Retired is not fired.

Also, pro sports players are not "fired" they are released or let go. Joe Namath was let go, Peyton Manning released. Manning was released due to his health problems.

How does it feel to be totally schooled by me bitch?

Posted by D | September 29, 2013 8:16 PM

It feels pretty good. Actually kind of liked it.

Posted by Anonymous | September 29, 2013 8:42 PM

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