Jay Z says past life as drug dealer helps in current role as sports agent
Hip-hop mogul and sports business entrepreneur Jay Z said in the November issue of Vanity Fair that his past life as a drug dealer is helping so far in his current role as a player agent for the Roc Nation Sports agency he founded earlier this year.
The 43-year-old said that having dealt drugs has helped him understand budgets, a knowledge and skill that he has taken with him to positions including former minority owner of the Brooklyn Nets and current owner of the new sports agency. Vanity Fair reported that Jay Z said the following about how his “checkered past” will help him in his new job as a sports agent:
“I know about budgets. I was a drug dealer. To be in a drug deal, you need to know what you can spend, what you need to re-up. Or if you want to start some sort of barbershop or car wash—those were the businesses back then. Things you can get in easily to get out of [that] life.”
The newly formed group already boasts a number of high-profile athletes, including Oklahoma City All-Star forward Kevin Durant, Victor Cruz of the New York Giants, rookie quarterback Geno Smith of the New York Jets and Skylar Diggins of the Tulsa Shock. The agency also represents New York Yankees second baseman Robinson Cano, who is said to be asking for a contract upwards of $300 million this offseason.
In September, Jay Z sold his minority shares in the Nets to the team’s new head coach, Jason Kidd. The sale was prompted by a league rule that forbids individuals with a stake in a particular team from also representing NBA players.