18 April 2013

Jay Z's Roc Nation Sports Hits A Major Roadblock

Last week Jay Z recruited the first athlete to Roc Nation Sports, but according to NFLPA rules, he can’t recruit another player until he obtains an undergraduate and post graduate degree.

An interesting wrinkle arose on Friday regarding the emerging relationship between CAA and Jay-Z’s new firm, Roc Nation. Based on rules passed by the NFLPA in 2012, Jay-Z can’t recruit players to sign with CAA unless Jay-Z becomes an NFLPA-certified agent.
The concerns emerged because rival agents see the obvious problem with having Jay-Z recruit Giants receiver Victor Cruz to sign with CAA. The NFLPA reportedly has no problem with the connection, given Jay-Z’s established friendship with Cruz. Moving forward, however, Jay Z won’t be able to help close deals with CAA unless he’s certified.
The situation becomes even more challenging if Jay-Z doesn’t have an undergraduate degree. It’s unclear whether any exemption is available if he lacks that credential.



Source: Eben Gregory

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