The Brooklyn Nets are losing one of their biggest names as they prepare for the playoffs.
Jay-Z owned just a little piece of the team, but was a large presence when the franchise changed homes and identities this season.
The rap mogul is selling his stake in the Nets so he can become certified as a player agent, possibly before the end of the season.
Jay-Z owns less than 1 percent of the Nets, but has had a major impact with the franchise's move to his hometown. He had input and in some cases complete control of everything from the interior of the $1 billion Barclays Center to the design of the team's black-and-white uniforms, which he debuted himself during his run of eight sold-out concerts in
Jay-Z attended only a handful of games this season, but his affiliation with the franchise provided a necessary buzz for its first season in Brooklyn. He sat in his courtside seat next to wife Beyonce in November when the Nets beat the Knicks in their first matchup as New York rivals, providing the trash talk afterward when he tweeted that the city was under new management.
The Nets have clinched their first playoff berth since 2007 and are in position to have home-court advantage in their first-round series.
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