There has been plenty of speculation that Jay-Z’s new sports management firm resulted in Giants receiver Victor Cruz hiring CAA to negotiate his next contract with the Giants, or whoever he may sign with.

The speculation is accurate. Per a source with knowledge of the situation, Cruz hired CAA in anticipation of CAA and Jay-Z’s Roc Nation partnering in the overall representation and management of Cruz’s career.

Officially, Roc Nation’s first client is Yankees’ second baseman Robinson Cano. It’s apparently only a matter of time before Cruz joins the client list.