Jay-Z will be leaving Brooklyn Nets, as he sells his share of the sports team. Several days after announcing a new music deal with Universal, Jay-Z has decided to step away from the Brooklyn Nets. Jay-Z will sell his percentage of the Nets to become a sports agent. Although he only owned about 1 percent of the team, he was positioned as a key figure in the marketing of the Nets move from New Jersey to Brooklyn. With the creation of Roc Nation sports, Jay-Z has teamed up with Creative Artists Agency to form the sports agency. CAA will handle…

what do you expect from some one giving away fake money in a night club? … Here’s the run down.. Terry Foster, a columnist for the Detroit News, painted a disgusting portrait of Floyd Mayweather Jr., alleging the pound-for-pound king harassed the wife of another boxer and made sexually suggestive actions toward her. Leonard Ellerbe, the CEO of Mayweather Promotions, said Mayweather and Shawana Bundrage were trash talking about the fight and that nothing untoward or unsavory occurred. The men were at the same show on Feb. 23 in Detroit, which featured Cornelius “K9″ Bundrage defending his IBF super welterweight…

Will LeBron James participate in an upcoming NBA All-Star Weekend dunk contest? That has become the topic du jour as it pertains to the league’s reigning MVP. The whole thing has reached such a tipping point that NBA legend Magic Johnson has put up $1 million to the winner of any dunk contest that James takes part in. “Please, LeBron, get in the dunk contest. I’m going to put up a million dollars,” Johnson said on ESPN’s ‘NBA Countdown’. “A million dollars from Magic to LeBron. Please get in the dunk contest. I go every year. I want to see…

If you are from the Caribbean, you have two more reasons to root for the Ravens on Sunday. Red Carpet Shelley shares some details on this momentous story; When the Baltimore Ravens take to the field in New Orleans this Sunday, Caribbean football fans will have an added impetus to cheer. That’s because a son of the Caribbean – Ramon Harewood of St. Michael, Barbados, will play in the Super Bowl match-up. Harewood, the offensive lineman for the Baltimore Ravens, is a seven-year veteran of the sport and graduated from Morehouse College in Atlanta, Georgia. The 6-foot, 6.5”, 341-pound Harewood,…

Photo Credit:Rollingout|Pictured:Nick Nelson(Chair),Nomi Southhall,Earvin Magic Johnson, Nancy Johnson, and (HLN) Richelle Carey. It has been 21 years, since Earvin “Magic” Johnson announced his HIV positive status to the world. On World Aids Day, It was befitting that he was bestowed the EOD Business Champion Award at the Atlanta Urban League’s 51st Equal Opportunity Day gala at the Marriott Marquis in Atlanta. Mr Johnson also shared his professional wisdom and business savvy during the Q&A press conference segment of the evening.Johnson is the owner of LA Dogers, VIBE Magazine,Uptown Magazine, and multiple success business ventures. Mr. Johnson have invested over 300…

A Halloween prank photo circulating the Internet may keep the San Antonio Spurs in David Stern’s dog house, and lead to some NBA fines for the normally conservative Tim Duncan. The NBA commissioner slapped the Spurs with a $250,000 fine last week for sending their starters home to rest rather than play the defending champs Miami Heat during a nationally televised game in Miami. The photo shows Spurs superstars Tim Duncan, left, and Tony Parker, right, dressed in Halloween costumes and holding guns to the head of a party guest dressed like NBA ref Joey Crawford. The photo of Duncan…

Global Grind is reporting: Chad Johnson has received his sentence in the Evelyn Lozada domestic violence case. Chad will not face any jail time, but will be put on probation for 12 months, must enroll in a batterers intervention program, and will not be allowed to have any contact with Evelyn during his probation period. TMZ: Chad showed up to a Florida courtroom for his sentencing this morning, where he pled “no contest” to a charge of domestic battery, stemming from the violent August 11th argument with Lozada over a condom receipt. In exchange for the plea, Chad escaped a…

TODAY THE JAMAICA TRACK AND FIELD TEAM WILL GO FOR GOLD! NEED I SAY MORE… THE STAR.COM REPORTS: A stadium full of spectators will watch in pin-drop silence as eight of the swiftest athletes in history coil in the starting blocks, set to blast down the track at the crack of the starter’s pistol. Roughly 9.7 seconds later someone will have ridden a combination of talent, hard work, luck and execution to an Olympic championship and an equally important title in a world where marketing is king. Agents and former athletes say a win in the most-watched event in the…