Wednesday, October 8, 2014

JAY Z making it big in agency bussiness

Music superstar JAY Z has taken the sports agency world bye a storm with his new brand Roc Nation, a agency for professional and college athletes in every sport. Since 2013 Roc Nation and JAY Z have been getting a collection of college athletes that have turned pro. The biggest one has been Johnny Manziel of the Cleveland Browns. Some People say that Roc Nation Sports Agencies is a joke but it has grossed over 83 million dollars since its grand opening in November of 2013. 

Roc Nation does not only have huge profit margins, it also has huge athletes as well. From the NBA Roc Nation represents James Young, Boston Celtics and the MVP himself Kevin Durant from the Oklahoma City Thunder. It even represents Skylar Diggings from the WNBA. Thats not all, Roc Nation has reached out to the NFL representing Victor Cruz, Hakeem Knicks, Geno Smith, and Ndamukung Suh. For the MLB they represent Robinson Cano, Runsney Castillio, and CC Sabathia. JAY Z said he hopes to reach out to the MLS and NHL this season. With that said Jermaine Jones from the US National team reportedly reached out to JAY Z for representation. 

If you think this is a joke agency, Roc Nation reportedly gets their player bigger endorsement deals and better appearance salaries.  JAY Z said "If we wanted to be a joke I would have created my self in 2k and just stuck to that. But here at Roc Nation we are the real deal and will be the best in sports." 

In the end I loved reading about this because I love how JAY Z has his hands in everything now a days. 


Will Ronaldo leave Real Madrid for bigger pay out?

Cristiano Ronaldo, one of soccers most exciting players of all time is hinting to sources that he might be leaving his current club Real Madrid for his old club Manchester United. But how does this relate to economics? Well in 2009 Ronaldo left Manchester United for Real Madrid,  he was signed to a 3 year deal worth 59 million dollars which made Ronaldo the highest paid soccer player in the world and in history. Then again in 2012 he signed another 3 year extension woth 62 million dollars breaking his own record for being the highest payed soccer.

As it has been recently reported Ronalde as been talking with his old teammate Gareth Bale, a player for Manchester United. Repotedly these two have been talking about Ronaldo making his return to the Barclays Premire League. But where will Mnachester United be getting atleast 54 million-60 million dollars to afford his high price tag? 

The reasons of how Ronaldo will be taken on to the is reported to be that after this season Ramadel Falcao will not be picked up for a transfer from the loan from AS Monaco. Also that Wayne Rooney and Robin Van Persie will have to take pay cuts if they want CR7 to joing their squad. But transfering striker Danny Wellbeck to Arsenal FC freed up alof of slary cap for Manchester United.

In the end I loved reading about this article since Real Madrid and Manchester United are my two favorite teams in soccer. Also that I found it interesting how much Cristiano Ronaldo made. It's a crazy ammount.