Media mogul Jay-Z is under investigation by the MLB Players' Association for possibly violating agent rules against "improper inducement" by giving Robinson Cano, his client, a $33,900 watch for his birthday, reports Jerry Crasnick of ESPN.
MLB players’ union investigating Jay-Z for possible violation of agent rules
The $33,900 watch that Jay-Z gifted to Robinson Cano on his birthday is under investigation by the MLBPA.
Andy Lyons
Jay-Z is alleged to have given Cano the very expensive watch during his birthday party in Belguim on Oct. 22.
Per Section 5(B)(5)(a) of the Agent Regulations, it is prohibited for agents to give:
“any gifts or loans, or promise of gifts or loans, of money or any other thing of value with an aggregate value exceeding $500 U.S. in any calendar year... to any single player, or any person related to or associated with such player.”
There is a big exception here. If the player in question is already represented by the agent, then the agent is allowed to give gifts that exceed $500, so long as it is disclosed to the union in writing. As the MLBPA has opened an investigation into the matter, it can be inferred that Jay-Z did not tell them about the timepiece.
The watch, which Jay-Z helped design, is a limited-edition Shawn Carter Classic Fusion watch by Hublot, as seen here on Cano’s Instagram account:
If Jay-Z is found to be in violation of the union’s rules, he will be subject to an unspecified discipline.
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