It is the dream of many rich people to own shares of an NBA team and become a small owner. However, one rich person made a decision that made other rich people envious and hate him for another goal, that is, to sell the shares of the team. This person is JAY-Z.

Owning the shares of an NBA team and becoming a small owner is the dream of many rich people. However, one rich person made a decision that made other rich people envious and hate him for another goal, which was to sell the shares of the team. This person It is JAY-Z.

became famous in the music world, but JAY-Z was not satisfied with flexing his muscles in the music world. At the suggestion of the then head coach of the Nets, JAY-Z purchased 0.168% of the shares of the Nets. In 2013, JAY-Z planned to set up an agency company, because NBA stipulated that team small owners could not become agents. He sold his shares to Kidd for US$500,000.

Why does JAY-Z dare to make such a decision? This is also thanks to Durant , why? Perhaps he expected JAY-Z to help him drink the bath water of Scarlett . After JAY-Z established an agency, Durant became a player under JAY-Z, and subsequently included Irving and Ball. The three brothers and other NBA players have joined JAY-Z’s agency. It is worth mentioning that JAY-Z’s players are not only NBA players, but also All-Star second baseman Robinson Card of the MLB powerhouse New York Yankees. NFL team New York Giants receiver Victor Cruz and WNBA's Skylar Dickins-Smith and others. In 9 years of development, JAY-Z has as many athletes as Hundreds of people.

gave up his lucrative NBA team shares and chose to start a business again. JAY-Z used his own performance to prove why the pop diva JAY-Z chose him as his partner, because his investment and management capabilities are so outstanding. How strong is JAY-Z’s negotiation ability? In 2014, during the negotiations between Durant and Nike, when the negotiations reached an impasse, JAY-Z cleverly introduced another brand to intervene, which also allowed Nike to finally offer a 10-year contract of US$300 million, 30 million The endorsement fee also allowed Durant to surpass James and become Nike's most expensive spokesperson.

helps players get contracts, helps players get business activities and promotions, how much money can JAY-Z make in a year after giving up his shares in the Nets? As we all know, the agent’s commission on player contracts is around 2.5%-4%, and the commission on commercial contracts reaches 10%-15%. With hundreds of athletes, JAY-Z is now making a lot of money. Bao Man, it is reported that in terms of player contracts, JAY-Z’s annual commission is about 15-20 million, and in terms of players’ commercial endorsement contracts and activities, JAY-Z’s commission is about 20 million, which also means JAY-Z can earn at least 35-40 million US dollars a year from economic companies, so you understand why JAY-Z dared to give up the Nets business.

However, JAY-Z also made mistakes. For example, after signing Irving in 2019, Irving chose to break up with JAY-Z in 2022. Irving chose his stepmother as his agent, which also caused JAY-Z to lose He won a big customer, but overall, JAY-Z still made a lot of money.

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