May 26, 2013 01:46 PM by Donna W. Martin
Last month, we learned that Jay-Z, husband of American Idol guest star, Beyonce Knowles was planning to sell his one-percent ownership share of the Nets so he could pursue becoming a sports agent. And now, less than a month into his new business venture, he’s under investigation by the NFL! What’s going on? You’ll have to take the jump to find out!
Jay-Z’s original plan for his new company, Roc Nation Sports Agency, was to let agents within the company take care of the day-to-day business and to negotiate contracts with the athletes. But according to the Inquisitr, Jay-Z may have gotten a little too close to one of the deals, specifically New York Jets player Geno Smith, and is now under investigation by the NFL. What’s up with that?
“The NFL says that only NFLPA-certified agents may be involved in recruiting new clients.” However, Jay-Z does not hold that designation and therefore, cannot be involved in the recruiting process.
So did Jay-Z recruit Smith or did one of the agents within Roc Nation Sports Agency recruit the NFL star? According to the contract, Smith signed with Roc Nation agent, Kim Miale. However, evidence obtained by the NFL suggests that Jay-Z had direct involvement in the deal.
So what evidence does the NFL have? An Instagram photo of Jay-Z and Geno taken prior to the announcement that Geno had signed with Roc Nation and a statement made by Smith’s advisor, John Thornton saying that he sat in on meetings between Jay-Z and Smith.
As part of the investigation, the NFL Player’s Association has sent inquiries to Miale and Roc Nation in an effort to obtain additional information about Jay-Z’s involvement in the signing of Smith.
What do you think of Jay-Z being under investigation by the NFL? We know you have an opinion so sound off in the comments section and let us know.
Want more? Follow our tweets on Twitter and like us on Facebook! Click here for more information about American Idol. For other great reality TV news, please feel free to check out SirLinksALot: American Idol.
Photo Credit: BET