ESPN.com has since confirmed that it is the Nets, because Jay violated league rules that prohibit contact with players that still have remaining intercollegiate basketball eligibility.
The NBA began investigating the situation after a video surfaced in late March, in which Jay-Z is shown visiting various Kentucky players in their locker room at the Prudential Center in New Jersey, after the Wildcats' quarterfinal victory over North Carolina.
Although, it seemed as though Jay was visiting the players as a fan and many believed it to be harmless, Nets officials were expecting a fine, based on previous, similar violations by other NBA executives who were also fined.
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