Jay-Z is branching out.
The hip-hop mogul is now licensed to work as an NBA agent, while Juan Perez, the president of Jay-Z's Roc Nation Sports, is certified with the National Basketball Players Association.
Jay-Z can now negotiate player contracts with teams. The NBPA is the first sports union to grant him certification. Jay-Z, Perez and Roc Nation Sports VP Rich Kleiman also applied for certification with the MLBPA. The news was first reported by Sports Business Daily and confirmed by ESPN.com.
Jay-Z launched Roc Nation Sports April 1 with plans to create a full-service agency with players in all major sports. Anyone can represent athletes for marketing, but agents must be certified by the player unions for the respective leagues in order to negotiate playing contracts.
Also, Jay-Z must divest his small ownership stake in the Brooklyn Nets, as owners of NBA teams can't represent players.
Roc Nation has already signed New York Yankees second baseman Robinson Cano, New York Jets quarterback Geno Smith and former Notre Dame guard Skylar Diggins, who was selected third in the WNBA draft.
ESPN.com reported that Jay-Z could land Oklahoma City Thunder superstar Kevin Durant, who told his agent in recent days that he'd sign with Jay-Z.
Roc Nation partnered with Creative Artists Agency to work Cano's contract negotiations since the company hasn't hired an MLB agent. Smith's contract will be handled by Kim Miale, Roc Nation's new NFL agent.