Brooklyn Nets head coach Jason Kidd has reportedly agreed to buy Jay Z's share in the team.
Under NBA rules, the rapper is no longer allowed to own a stake in a team, as he runs an agency which represents athletes in the league.
ESPN has stated that Kidd has paid $500,000 (£320,287) for the stake, which represent one-sixth of a percent of the franchise.
Agents and players are prohibited from owning shares in teams.