June 20 (Bloomberg) -- Jay-Z, the entertainer who started an athlete-representation firm in April, has been certified by the National Basketball Association and Major League Baseball players’ unions to negotiate contracts.
Robert Gadson, director of security and agent administration at the National Basketball Player’s Association, and MLB Players Association spokesman Greg Bouris said the certifications had been granted.
Jay-Z, whose real name is Shawn Carter, met with Ron Klempner, the NBPA’s acting executive director, and the organization’s legal staff, Gadson said in an interview yesterday.
Carter, an investor in the NBA’s Brooklyn Nets, has won 17 Grammy Awards and sold more than 33 million albums, according to answers.com.
Under NBA rules, Carter must sell his interest in the team to represent players in contract talks. NBA spokesman Mike Bass said Carter has submitted an application to the league office to sell his stake in the Nets and the league’s review process is under way.
“Upon successful completion of the transfer of his ownership interest, there will be no prohibition from him representing NBA players,” Bass said in an e-mailed statement.
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