7:39pm: Liz Mullen of Sports Business Journal tweets that Sabathia will now be represented by Jay-Z and agent Juan Perez after "formerly" being represented by the Legacy Agency, which indicates that Sabathia has likely cut ties with the Legacy Agency.
7:27pm: Jay-Z's agency, Roc Nation Sports, has added another high-profile client to its ranks. Yankees lefty CC Sabathia tweeted a picture of himself signing a contract with Jay-Z along with the caption: "#RocNationSports La Familia." Roc Nation also tweeted a welcome message to Sabathia.
It's been a huge year for Jay-Z's new sports agency, as he (along with CAA's Brodie Van Wagenen) negotiated a 10-year, $240MM contract between the Mariners and Robinson Cano. Roc Nation Sports has also added the likes of NBA superstar Kevin Durant, WNBA star Skylar Diggins and NFL star wide receiver Victor Cruz.
It's unclear at this time if Sabathia's agents at the Legacy Agency will remain involved in his baseball dealings. As we saw with Robinson Cano, Roc Nation partnered with CAA in negotiating that deal. Roc Nation could be signing on to handle Sabathia's marketing efforts and brand management while serving as a partner in baseball negotiations, or they could simply be taking on every aspect of his representation.
Sabathia's current deal, negotiated by the Legacy Agency, guarantees him at least $76MM through the 2016 season. He struggled through the worst season of his career in 2013, posting a 4.78 ERA with 7.5 K/9 and 2.8 BB/9 in 211 innings with the Yankees as his fastball velocity dipped to a career-low 91.1 mph.