Monday, October 03, 2005

America's Hippest CEO Nets minority owner Jay Z profiled in Fortune Magazine:

Here are a few quotes from the article:,15114,1112514,00.html

Welcome to the year’s most intriguing corner-office experiment: Carter took over as president and CEO of Def Jam early this year, making an unexpected move from the recording studio to a corporate C-suite. Jay-Z, 35, is hip-hop’s reigning megastar, a crossover icon who’s had 13 top-selling albums, sold more than 33 million records worldwide, co-founded an independent record label as well as a clothing company, front-lined the fastest-selling sneaker in Reebok’s history—to the tune of $100 million in sales—and even taken an ownership stake in the NBA’s New Jersey Nets.

Still, Carter can be tentative as a corporate player. He sheepishly describes arriving for a meeting with Nets majority owner Bruce Ratner in a beat-up taxi. He wonders what Ratner must have thought of him that day. But to Ratner, the method of Carter’s conveyance left no impression. “The intent was, Here’s a celeb that’ll help the branding of the team,” Ratner says. “As it’s evolved, he’s become one of the key investors, not just in terms of promotion, but for his real business judgment.” Carter’s business acumen, it turns out, may be more evolved than his confidence in it.

Rapping with Jay-Z: 'Life Is the Bridge of a Song',15114,1113315,00.html

Nets ready to put travails of '04 behind them

"There are about five or six teams that realistically have a chance of winning a championship,'' Jefferson said. "I definitely think we're one of them.''


"We're very excited about the makeup," said Lawrence Frank, who begins his second full training camp as Nets head coach Tuesday after media day tomorrow. "On paper, our depth has vastly improved. The players who had been here have continued to get better. We added some toughness in some areas. But our overall depth is very good, as good as we've had in here."
Even without the low-post, power-forward scorer.
"Nothing against Shareef, we were a pretty talented team before," said Jefferson, who missed the final 49 games of the regular season with a wrist injury, effectively dooming the Big Three game plan. "Shareef is a very talented player but it wasn't that much a hit. I have a feeling we're still one of the best teams in the Eastern Conference."

Nets Think They're Ready for Title Run

"We're definitely more experienced and more athletic," said Carter. "And, we have guys who can shoot the ball. Now it's going to make teams have to make a decision because we have guys one through five who can shoot."

Nets sign forwards Padgett, Murray

EAST RUTHERFORD, N.J. The New Jersey Nets have all but completed the offseason changes to their roster by signing free-agent forwards Lamond Murray and Scott Padgett.
The six-foot-seven Murray averaged just under 12 points and over four rebounds in 10 seasons with the L-A Clippers, Cleveland and Toronto.
The six-nine Padgett is in his seventh season and has had stops in Utah and Houston.

The day Brooklyn conquered the World (Series)

Balance of power
By Steve Kerr, Yahoo! Sports
Kerr ranks the Nets as 5th best in the conference:

5. New Jersey Nets – Nets fans got a taste of the Richard Jefferson, Vince Carter, Jason Kidd trio in the playoffs. Now they'll see them – together and healthy – for a full season. And with Nenad Kristic and Marc Jackson on the front line, this could be a very good club.

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