After helping the Nets relocate from New Jersey to his hometown of Brooklyn, rapper and entrepreneur Shawn Carter — better known as Jay-Z — will reportedly drop his stake in the franchise so that he can pursue a future representing NBA players as an agent.

A source reports that Carter’s Roc Nation Sports business will partner with Creative Artists Agency (CAA) on the new venture, which can’t be undertaken as long as he is affiliated with an NBA franchise in an ownership role, per league rules.

The process is expected to be completed in time for Roc Nation to compete for players entering the June NBA draft, but there’s no guarantee of the timing, sources said. Those within Roc Nation and the CAA alliance aren’t “chasing a clock on this,” one source said. “This isn’t about one draft, but taking the long view of the business.”