“I’m not a businessman, I’m a business, man.” JAY-Z just made a major business move!

Complex made the announcement on June 18 that the rapper and mogul is now the president of newly relaunched PUMA Basketball.

The sportswear company has announced the signings of top draft prospects DeAndre Ayton (Arizona), Marvin Bagley III (Duke), and Zhaire Smith (Texas Tech), all of which are expected to be lottery picks, with Ayton projected to go number one overall.

As President of PUMA’s Basketball Operations,  JAY-Z will provide input on athletes being signed to PUMA Basketball, in addition to art design, concepts, and brand direction.

“We’ve been working with Roc Nation for quite some time. They’ve been great partners to us for several years. We’ve done many different deals with many different ambassadors,” Adam Petrick, PUMA’s global director of brand and marketing, told Complex.