Jay-Z's plan to become a sports agent may have hit a snag. NFL Players Association rules say that he can't recruit players to sign deals for contract representation unless he's a certified agent -- and he needs at least a college degree for that.
Jay can rep players for endorsements and off-field deals, and there's no such requirement to get certified as a baseball agent -- which Hova has already applied for. NFLPA rules say that a prospective agent actually needs a graduate degree, but that requirement can be waived if the candidate can demonstrate at least seven years' negotiating experience. However, there's actually nothing on the books for people without at least an undergraduate degree.
The issue came to a head a few days ago, when Victor Cruz chose CAA -- which has partnered with Roc Nation -- to represent him. Although Jay clearly had a role in that, the NFLPA isn't sanctioning CAA because the two have a longstanding friendship.
The NBA's players' association also requires a four-year degree.
Source: NBC Sports
MY 2 CENTS:
- So Jay recruits a guy to sign an endorsement-negotiating deal, then walks him down the hall to talk to about contracts. Way too easy to get around this one.
- Jay has more business and negotiating experience than just about any college grad out there.
- The other agents who are complaining are just scared they're going to lose all their clients.