Scarinci Hollenbeck, LLC
The Firm
201-896-4100 info@sh-law.comFirm Insights
Author: Scarinci Hollenbeck, LLC
Date: November 13, 2013
The Firm
201-896-4100 info@sh-law.comRapper turned sports agent Shawn Carter, better known as Jay Z, is being investigated by the Major League Baseball Players Association for a potential violation of sports law.
The MLBPA is alleging that Carter purchased Robinson Cano – one of his clients – a $33,900 watch, which might have been a breach of the union’s agent regulations. If found in violation, Carter is expected to face undisclosed discipline.
The specific regulation states that “no Player Agent or Application shall provide, cause to be provided or promise to provide, any money or any other thing of value to any player, or any person related to or associated with such player, the purpose of which is to induce or encourage such player to use or continue to use any person’s firm or firm’s services as a Player Agent, Representative, or Draft Advisor,” according to ESPN.
This isn’t Carter’s first run in with a player’s association of a major sports league. Earlier in the year, the NFLPA investigated the rapper for a possible violation of the “runner rule,” which allows only certified sports agents to recruit players. The investigation was centered around Carter’s recruitment of New York Giants wide receiver Victor Cruz, but it was found that no violation occurred.
“We are aware of the relationship between CAA and Roc Nation,” NFLPA spokesman George Atallah said in a statement. “We sent a formal inquiry to CAA asking them about their recruitment of players, in particular Victor Cruz. Both CAA and Victor responded. No violations in recruitment were found.”
Geno Smith’s signing to Carter’s Roc Nation Sports came under fire as well, but nothing resulted from that situation either. It appears as though Carter has a long road ahead of him in the sports agent world, but his star power alone may be enough to draw potential clients.
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Secured transactions form the backbone of a wide range of business dealings, including business loans, mortgages, and inventory financing. Because the stakes are often high and relatively minor oversights can have drastic consequences, lenders and borrowers should thoroughly understand how to form an enforceable security agreement that protects their legal rights. What Is a Secured […]
Author: Dan Brecher
Cashing a check marked “paid in full” can be a risky endeavor, particularly if you don’t fully understanding the legal implications. If you are owed more than the amount of the check you accept and deposit, you may waive your right to collect the full disputed amount. That is why you should consider either rejecting […]
Author: Dan Brecher
The One Big Beautiful Bill Act of 2025 (OBBBA) significantly impacts federal taxes, credits, and deductions. A key change relating to Qualified Small Business Stock (QSBS) allows greater tax-free gains for investments in startups and other qualifying small businesses. Company founders and other investors should understand how the enhanced tax strategy works or risk missing […]
Author: Dan Brecher
Corporate consolidation involves two or more businesses merging to become a single larger entity. The result is often a stronger and more competitive company that can better navigate today’s competitive marketplace. What Is Corporate Consolidation? Corporate consolidation closely resembles a basic merger transaction. The primary difference is that a consolidation creates an entirely new business […]
Author: Dan Brecher
Business law plays a critical role in nearly every aspect of running a successful enterprise, from negotiating a commercial lease to drafting employee policies to fulfilling corporate disclosure obligations. Understanding what is business law and your legal obligations can help your business run smoothly and build productive relationships with clients, business partners, regulators, and others. […]
Author: Dan Brecher
Corporate transactions can have significant implications for a corporation and its stakeholders. For deals to be successful, companies must act strategically to maximize value and minimize risk. It is also important to fully understand the legal and financial ramifications of corporate transactions, both in the near and long term. Understanding Corporate Transactions The term “corporate […]
Author: Dan Brecher
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Consider subscribing to our Firm Insights mailing list by clicking the button below so you can keep up to date with the firm`s latest articles covering various legal topics.
Stay informed and inspired with the latest updates, insights, and events from Scarinci Hollenbeck. Our resource library provides valuable content across a range of categories to keep you connected and ahead of the curve.
Let`s get in touch!
Sign up to get the latest from the Scarinci Hollenbeck, LLC attorneys!