[Matt Velazquez] Henry Ellenson signs with Roc Nation Sports

[reinko]

Still think the kid should have stayed at Marquette.

[ChicosBailBonds]

Agree on the swag (needs a better picture), but you're 100% wrong on Jay-Z.  He is a world class businessman!

Hmmm.....some good, some not so good.  Tidal comes to mind.

[Herman Cain]

Henry Ellenson signs with Roc Nation Sports





Former Marquette standout Henry Ellenson, who last Tuesday announced his decision to leave for the NBA draft after one year with the Golden Eagles, has signed with an agency.



Source: Henry Ellenson signs with Roc Nation Sports

So much for the theory that Henry was surrounding himself with quality people.....

[GGGG]

So much for the theory that Henry was surrounding himself with quality people.....

???  What's wrong with ROC Sports?

[Herman Cain]

???  What's wrong with ROC Sports?

Here is a small example of the owners character:

Criminal charges
On December 1, 1999, Jay Z, who had come to believe that record executive Lance "Un" Rivera was behind the bootlegging of Vol. 3..., allegedly stabbed Rivera at the release party for Q-Tip's album Amplified at the Kit Kat Klub, a now-defunct night club in Times Square, New York City. Jay Z's associates at the party were accused of causing a commotion within the club, which Jay Z allegedly used as cover when he supposedly stabbed Rivera in the stomach with a five-inch (127 mm) blade.[165] He surrendered to police the following evening and was placed under arrest, although he was soon released on $50,000 bail.[166][167] When he was indicted in Manhattan Criminal Court in late January 2000, he pleaded not guilty; he and his lawyers contended that they had witnesses and videotapes proving he had been nowhere near Rivera during the incident. Nevertheless, he later pleaded guilty to a misdemeanor and accepted a three-year probation sentence.[168]

Jay Z later addressed the case in his 2010 book Decoded:

One night I went to Q-Tip's solo album release party and at some point in the night, I ran into the guy everyone's been telling me is behind the bootleg. So I approached him. When I told him what I suspected, to my surprise, he got real loud with me right there in the middle of the club. It was strange. We separated and I went over to the bar. I was sitting there like, "No the unnatural carnal knowledge this nigga did not....." I was talking to people, but I was really talking to myself out loud, just in a state of shock. Before I even realized what I was doing, I headed back over to him, but this time I was blacking out with anger. The next thing I knew, all hell had broken loose in the club. That night the guy went straight to the police and I was indicted...

There was no reason to put my life on the line, and the lives of everyone who depends on me, because of a momentary loss of control..... I vowed to never allow myself to be in a situation like that again.[169]

[GGGG]

Oh that. 

Well you've been bashing Henry since he started at MU, so now you have a reason to carry that nonsense into the pros.

[Herman Cain]

Oh that. 

Well you've been bashing Henry since he started at MU, so now you have a reason to carry that nonsense into the pros.

Here is another one. Henry is being represented by a first class thug.

http://washington.cbslocal.com/2012/09/19/jay-zs-past-includes-being-crack-dealer-stabbing-record-producer/

[GGGG]

Here is another one. Henry is being represented by a first class thug.

http://washington.cbslocal.com/2012/09/19/jay-zs-past-includes-being-crack-dealer-stabbing-record-producer/

[wadesworld]

Lol. Scoop is awesome man.

[rocky_warrior]

Hmmm.....some good, some not so good.  Tidal comes to mind.

I'm not very familiar with Tidal, but if the increase of 2.5M subscribers (total 3M) reported a couple weeks ago is correct, I wouldn't call it "not so good".  At a minimum of $10/month per subscriber, that $3M/month, $36M/year revenue on a $50M investment (again, minimum) isn't too shabby...especially if the growth continues.

Certainly there's been a lot of bad media in the past year, but not a flop yet.   You could have called the first 5 years of SpaceX a flop too.

And even if Tidal flops - it's a small part of Jay-Z's portfolio.

But I can understand why you're unhappy, ROC is not a "Traditional" sports management company.

[Galway Eagle]

So much for the theory that Henry was surrounding himself with quality people.....

Your two examples are from when Henry was 1yr old and 1982. Are you saying people don't change? Who were you 17yrs ago? How about who were you in 1982...

[Herman Cain]

Your two examples are from when Henry was 1yr old and 1982. Are you saying people don't change? Who were you 17yrs ago? How about who were you in 1982...

People who commit crimes of that stature do not change. You have never been in the business world. These are very low grade people and they don't improve. I feel very bad for Henry. No reason to associate yourself with people like this.

[Golden Avalanche]

People who commit crimes of that stature do not change. You have never been in the business world. These are very low grade people and they don't improve. I feel very bad for Henry. No reason to associate yourself with people like this.

hahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahaha

[KampusFoods]

Does the ignore button not exist anymore? I really need to use it.

[The Lens]

Being described as a Point Forward is the biggest crime of this whole thing.

[Galway Eagle]

People who commit crimes of that stature do not change. You have never been in the business world. These are very low grade people and they don't improve. I feel very bad for Henry. No reason to associate yourself with people like this.

How young do you think I am that I've never been in the business world? Maybe in return I play the "you've never been an urban youth" card.

[Herman Cain]

How young do you think I am that I've never been in the business world? Maybe in return I play the "you've never been an urban youth" card.

I do lots of business with Urban Youth.  This will play out down the road when Henry finds out he has no money. It is a very classic scenario.   

[Benny B]

People who commit crimes of that stature do not change. You have never been in the business world. These are very low grade people and they don't improve. I feel very bad for Henry. No reason to associate yourself with people like this.

While I agree with the point being made here, let's not discount the fact that in the world of pro-sports representation, you'd be hard pressed to find an agency that isn't being run by like-minded individuals.

In other words, you don't need a rap sheet to act like a shady criminal.

[Galway Eagle]

I do lots of business with Urban Youth.  This will play out down the road when Henry finds out he has no money. It is a very classic scenario.

Does that equate to being an urban youth? Roc Nation has been very good to Luis Arias and I expect it'll do the same for Henry. Many Rap stars are business geniuses when it comes to the entertainment industry Dr Dre, Eminem, Kanye to name a few. They're very connected for endorsement deals and to athletes. I'd say your just being a grumpy person because of Jay z's hip hop persona. The guys married, has a kid, runs more business side of things than music now. 

[Herman Cain]

While I agree with the point being made here, let's not discount the fact that in the world of pro-sports representation, you'd be hard pressed to find an agency that isn't being run by like-minded individuals.

In other words, you don't need a rap sheet to act like a shady criminal.

All Henry needs is to hire a decent grade corporate attorney from a top tier firm In Minneapolis or Milwaukee and get a decent accounting firm to handle his taxes. Don't worry about a financial adviser, just save his money and live modestly and use common sense and listen to the parents.  He has a clean cut All American image and talent,  and all the endorsement he could ever want will come his way.

[brandx]

All Henry needs is to hire a decent grade corporate attorney from a top tier firm In Minneapolis or Milwaukee and get a decent accounting firm to handle his taxes. Don't worry about a financial adviser, just save his money and live modestly and use common sense and listen to the parents.  He has a clean cut All American image and talent,  and all the endorsement he could ever want will come his way.

C l u e l e s s

[brandx]

This is a dumb question, but I don't know the answer so that's why I'm asking...

What value does an agent provide for a shoe-in NBA lottery pick? Aren't contracts dictated pretty strictly by draft order?

Obviously they are important after the initial contract when there is much more negotiation, free agency, etc. But what do they do for someone like Henry? Isn't the salary and length of contract already known the minute he is drafted? What is the agent bringing to the table that justifies the cost?

1. Money
2. Money
3. Money
4. Money

Steph Curry's shoe business with UA may possibly be worth up to $14 BILLION to the company. His agent better have known this and how to make a deal before Steph signed any papers.

Salary is only a minority percentage of many player's income - especially if they are represented well.

They are not represented by one agent - rather it is a stable of experts in many fields including sports, product representation, tax accounting, investment and more.

[The Lens]

This will play out down the road when Henry finds out he has no money. It is a very classic scenario.

Yep, that's Jay-Z's master strategy, bankrupt his own clients in order to grow his representation business.

[TAMU, Knower of Ball]

While I agree with the point being made here, let's not discount the fact that in the world of pro-sports representation, you'd be hard pressed to find an agency that isn't being run by like-minded individuals.

In other words, you don't need a rap sheet to act like a shady criminal.

This sums up my thoughts on the issue.

[Herman Cain]

Yep, that's Jay-Z's master strategy, bankrupt his own clients in order to grow his representation business.

That is not how guys like that look at things. Everything is how much can they steal and get away with.

This stuff plays out over a long period of time.

http://www.propertycasualty360.com/2012/10/22/broke-5-financial-horror-stories-of-professional-a?page=2&slreturn=1460481029