and other nba tidbits.

Report: Jason Kidd to buy Jay Z's Nets shares
Jason Kidd is reportedly buying half of Jay Z's minority ownership shares in the Brooklyn Nets, at a cost of $500,000.
Jay Z sold the rest of his shares to another current Nets owner, thus freeing himself to represent pro athletes as an agent with his newly-minted Roc Nation Sports agency. The sale will make the headlines but it won't cause any real changes in the Nets' ownership structure, as Jay Z owned a mere 0.161 percent of the team.

Report: Man claims Odom spent $50K on cocaine
Lamar Odom's alleged drug dealer told Radaronline.com that Odom spent $50,000 on cocaine over the last three years, and even smoked the drug before a game against the Knicks on Feb. 10.
The story was subsequently picked up and run by NESN on the heels of Odom's DUI arrest on Friday. He's hired Robert Shapiro to represent him, and while it's impossible to know if the newest allegations are true (especially considering the source), it's clear that Odom's NBA career is in jeopardy. "I know it for a fact because I sold him the stuff and saw him smoke it," the unnamed, alleged dealer said. "He spent about 16 grand." With the Lakers signing Shawne Williams and the Clippers picking up Antawn Jamison, we'd be very surprised to see Odom in an NBA jersey this season.

TMZ rumor: Royce White investigated for abuse
Royce White is allegedly "at the center of a criminal investigation" on suspicion of domestic abuse, according to the celebrity-rumor site TMZ.com.
White's ex-girlfriend, Tania Mehra, reportedly filed a police report in August alleging that White assaulted her on June 22, causing a laceration over her right eye. According to an unnamed police officer, "The victim said she had lied because the suspect played for the NBA and did not want the incident to damage his career." This TMZ report has yet to be verified by other sources, but it doesn't bode well for White or his future in the NBA.

Suns officially waive Michael Beasley
Suns waive F Michael Beasley.
As part of the deal, Beasley will give up $2 million in otherwise guaranteed salary for the 2013-14 and 2014-15 seasons. He's coming off a career-worst season in which he shot under 41 percent from the field, and his off-court behavioral issues will make teams wary of giving him guaranteed money. With Beasley gone, P.J. Tucker and Gerald Green are the Suns' best options at SF, with the Morris brothers capable of picking up slack.

-The Knicks’ coaching search still includes a lone frontrunner, Kurt Rambis, whose qualifications for the position include a strong relationship with Jackson and a willingness to take the job.