According to the New York Post, Jay-Z is selling half of his shares of the team to the freshly minted head coach.
Jay-Z, whose real name is Shawn Carter, initially owned .1608% of his hometown team, but was forced to sell all his shares in order to become a certified sports agent. The other half of Jay’s stake has already been purchased by a minority owner of the team.
Kidd will pay approximately $500,000 for a .067% share of the Nets. Kidd’s stake will include part of the recently built Barclay’s Center.