Jay-Z's Unauthorized NCAA Locker Room Visit Costs, NJ Nets Fined $50K

According to reports, Jay's presence cost the New Jersey Nets, whom he co-owns, a $50,000 fine.

The New Jersey Nets have been fined $50,000 for Nets minority owner Jay-Z's presence in the Kentucky locker room after the Wildcats clinched a Final Four berth, according to sources with knowledge of the penalty. Word circulated around the league Friday that an unnamed team -- which sources confirmed to ESPN.com is the Nets -- was fined for violating league rules that prohibit contact with players who still have collegiate basketball eligibility remaining. (ESPN)

Last week, an NBA investigation was confirmed by a league spokesperson.

An NBA spokesman confirms that the league is investigating Jay-Z's presence in Kentucky's locker room after the Wildcats clinched a Final Four berth. The rapper visited the players after their victory over North Carolina on Sunday at the Prudential Center in Newark, N.J, home of the Nets. Jay-Z is a part-owner of the team and attended the Nets' 120-116 loss at New York on Wednesday. (Billboard)

Jay's ownership in the New Jersey Nets restricts his distance from ineligible NBA draft players.

NBA rules prohibit team personnel from having contact with players who are not yet draft eligible, and spokesman Tim Frank told the Associated Press the league is looking into it. The investigation was first reported by CBSSports.com. (Daily News)

Following the early reports, New York radio host DJ Clue poked fun at Jay's speculated fine.

"Shout to my Boy @S_C_ aka Mark Cubans long lost cousin "Dark Cuban" ! He's about to receive his 1st NBA Fine! Congratz !!!," Clue tweeted Thursday (March 31). (DJ Clue's Twitter)