Jay Z, the entertainer who started an athlete-representation firm in April, is selling his minority share in the Brooklyn Nets to the team’s coach, Jason Kidd, for $500,000, the New York Post reported, according to people familiar with the situation.
Team spokesman Barry Baum declined to comment in an e-mail.
Jay Z was forced to sell his .067 percent stake in the National Basketball Association franchise to avoid a conflict of interest after starting the Roc Nation sports agency.
Jay Z, whose real name is Shawn Carter, has won 17 Grammy Awards.
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