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Jay-Z selling shares of Nets

Updated: April 9, 2013, 11:08 PM ET
By Mike Mazzeo | ESPNNewYork.com

Brooklyn Nets minority owner Jay-Z has begun the process of selling his stake in the team so that he can become an NBA agent, according to a Yahoo! report.

ESPN's Darren Rovell tweeted that Jay-Z's .067 percent (1/15th of a percent) stake in the Nets is worth approximately $350,000, and he could sell it tomorrow if he wanted to.

Jay-Z would be required to relinquish his stake in the team in order to represent NBA clients as an agent. Rovell reports that the league told ...

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