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Jay-Z might have been unsuccessful in making “Magna Carta Holy Grail” go platinum before its even released but sources say he is now a licensed NBA and MLB agent. According to a report from Sports Business Journal, a spokesperson from Roc Nation Sports has confirmed Jay-Z is now licensed to represent MLB and NBA players as an agent.

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What’s not clear is how soon Jay-Z can represent players. A source close to the situation said that, as of Wednesday, the hip-hop mogul had not sold his small ownership share (less than 1 percent) of the Brooklyn Nets. Industry speculation is Jay-Z might be able to sign players as long as he agrees to pass off his share of the Nets in the near future. Owners of NBA teams cannot represent players.

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The first NBA player Jay-Z is expected to sign is Oklahoma City Thunder star Kevin Durant, who told his agent, Rob Pelinka, in recent days that he would sign with Jay-Z. Durant has not commented publicly. Since announcing his intention to start a sports agency a few months ago, Jay-Z’s firm has signed New York Yankees second baseman Robinson Cano, New York Jets quarterback Geno Smith and former Notre Dame guard Skylar Diggins, who recently was selected third by the Tulsa Shock in the WNBA draft.

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While Roc Nation has not confirmed that it has signed New York Giants wide receiver Victor Cruz, who accepted a one-year free-agent tender offer of $2.879 million last week, a deal appears close. Cruz took pictures with Jay-Z, Cano and Smith at a party Monday in Manhattan to celebrate the 10th anniversary of Jay-Z’s 40/40 sports bar.

Jay-Z has been a very busy man and from the looks of things he will stay that way. Would you want your favorite athletes signing Roc Nation? Leave comments below.

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