Earlier today, Jay-Z announced that when the New Jersey Nets move into their new (albeit controversial) digs in 2012, they will come with a new name. The Nets will be rechristened the Brooklyn Nets and in conjunction with the move, a concert series by Hov will usher in the era. Catch the video down below.

Jay Z: NBA Nets Renamed ‘Brooklyn Nets’: MyFoxNY.com