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When Jay Z started his Roc Nation Sports agency in June, one of the first athletes he secured as a client was New York Yankees second baseman Robinson Cano. It was a major coup for the fledgling firm. It now looks like Jay is in hot water for giving Cano a $33,900 special edition Hublot watch he helped to design.
The watch was a gift for Cano's 31st birthday in October, but Major League Baseball Players Association rules prohibit agents from offering “any money, or any other thing of value” to help persuade a player to continue using their services.
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.''
The MLBPA must first be notified in writing prior to any gift given to an existing client by an agent that exceeds $500.
ESPN reports that Jay Z is being investigated to see if he violated the union's regulations. The business mogul may be subject to unspecified discipline if it's determined that he's in violation.
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