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Volume 24 No. 156
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Jay-Z Launches Sports Management Firm, Signs Yankees' Cano

Nets investor Jay-Z has launched a sports management company called Roc Nation Sports and has signed Yankees 2B Robinson Cano as its first client. The firm will be led by Jay-Z, with Juan Perez serving as President. Roc Nation has "partnered with CAA Sports" to co-represent Cano (NYPOST.com, 4/2). Cano will be "represented directly" by CAA's Brodie Van Wagenen. He was previously represented by Scott Boras, and this move is "probably a positive development for the Yankees because Boras has historically taken his clients to free agency" (NYTIMES.com, 4/2).