Wednesday, November 6, 2013

Jay Z investigated for giving Cano Watch worth $33,900!




  Hip hop legend and entrepreneur Jay Z, possibly not reading  about what kind of gifts are allowed have  caused  some kind of uproar.As Jerry Crasnick of ESPN reported, the Major League Baseball Players Association is investigating Jay Z (also known as Shawn Carter) for giving a $33,990 watch made of 18k yellow gold to Cano as a 31st birthday gift at a recent party in Belgium.according to
Cano Watch was supposed to be about which major league team was going to give Robinson Cano the $300 million he wants on the free-agent market. New York Yankees? Los Angeles Dodgers? Other? Instead, it's a story of Cano's celebrity agent,

according to source he said  in the agent-client biz there are rules, and it's possible Jay Z overlooked some after he and his Roc Nation sports group signed Cano away from Scott Boras in April.
Crasnick writes:

Section 5(B)(5)(a) of the Players Association regulations states: "No Player Agent or Applicant shall provide, cause to be provided or promise to provide, any money or any other thing of value to any player, or any person related to or associated with such player, the purpose of which is to induce or encourage such player to use or continue to use any person's or firm's services as a Player Agent, Representative, or Draft Advisor.''
There is a clause allowing certain gifts if the player was already a client of the agent; however, any gift exceeding $500 must be disclosed to the union in writing. Players Association officials say the seven paragraphs of rules are meant to ensure that players choose their representatives on merit rather than what the union calls "improper inducements.''
Sources said that the Players Association has interviewed several of the principals and that Jay Z could be subject to unspecified discipline if he is found in violation.MORE!..

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