Scarinci Hollenbeck, LLC
The Firm
201-896-4100 info@sh-law.comFirm Insights
Jay Z May Have Broken Sports Agent Law
Author: Scarinci Hollenbeck, LLC
Date: November 13, 2013
Key Contacts
Back
Rapper 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.
- Industries: Entertainment & Media
- Locations: Red Bank, NJ, New York City, Little Falls, NJ
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Related Posts
See all
Failing to Comply With NJ Rent Control Exemption May Prove Costly
What Developers Need to Know About New Jersey’s Rent Control Exemption Law to Ensure Entitlement to Exemption for Newly Constructed Multi-family Housing. A property owner in Jersey City is facing a $400 million federal class action lawsuit alleging that the landlord did not follow the procedural steps required to be eligible for exemption from local […]
Author: Patrick T. Conlon
Crypto Securities Law: When Tokens Become Investment Contracts
The application of traditional federal securities laws to crypto assets continues to evolve. In some cases, the Securities and Exchange Commission (SEC) considers tokens and other digital assets to be securities. This makes them subject to federal securities law, including the Securities Act of 1933 and the Securities Exchange Act of 1934. This classification has […]
Author: Bryce S. Robins
The Due Diligence Process for NY Condominiums and Cooperatives
While the New York City real estate market can be extremely competitive, moving too quickly often backfires. Before purchasing a condominium or cooperative in New York City, it is important to do you homework. Purchasing property in NYC can involve a dizzying number of legal issues. These include condo and co-op rules, rent restrictions, and […]
Author: Jesse M. Dimitro
Smart Contract Legal Issues: Drafting Agreements for Blockchain
Smart contracts feature a unique blend of legal agreement and technical code. This innovation has the potential to reshape how business is conducted. At the same time, smart contract legal issues around enforceability, jurisdiction, identity, and compliance are common. The legal framework for these self-executing agreements is still evolving. What Are Smart Contracts? Smart contracts, […]
Author: Bryce S. Robins
Are Stay Interviews the Key to Retaining Top Talent?
Retaining top talent continues to be one of the greatest challenges facing employers today. Even in an employer’s market, the loss of a key employee can disrupt operations and result in significant costs. While compensation plays a role, long-term retention often depends on workplace culture, communication, and employee engagement. One increasingly popular strategy for improving […]
Author: Angela A. Turiano
Why Secured Transactions Are Important
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
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Sign up to get the latest from our attorneys!
Explore What Matters Most to You.
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.