it looks as though Hova is passing up his minority ownership of the Brooklyn Nets so that his new agency group Roc Nations can sign NBA players ("NBA rules mandate that no one individual affiliated with a player representation company can have an ownership stake with an NBA team.")

As Yahoo! Sports points out, his share only represented 1% of the company, but considering the amount of press he brought to the team, along with extreme cool points and a redesign of their jerseys, his absence might be felt.