GOT $350,000? JAY Z SELLING HIS OWNERSHIP IN THE NETS, TO JUST BE AN AGENT

Jay-Z is making business deals this week.

In addition to the deal Jay closed this week to bring his Roc Nation company back under a corporate fold with Universal Music Group (UMG) after spending time at Sony, the entertainment mogul and occasional rapper is quietly making arrangements to sell his 1 percent of the Brooklyn Nets in order to get fully on-board with the agent end of the business for Roc Nation Sports, Yahoo! Sports reports.

The move makes it so that Jay Z can compete for players entering this year’s NBA draft in June.

Agents are reportedly thinking that signing with Jay and Roc Nation Sports is a joke, but the key to this is that Hov won’t be involved in the day-to-day operations side of the business.

Already on board with Roc Nation Sports are the Yankees’ Robinson Cano and Giants’ free agent Victor Cruz.