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Singer Marc Anthony is basically Aroldis Chapman's new agent

(AP Photo/Kathy Willens)
(AP Photo/Kathy Willens)

Watch out, Jay Z, you've got some competition now. It's not in the rap game, though, it's in the sports agent game. Singer/songwriter Marc Anthony has become the latest entertainer to turn sports agent, according to Ken Rosenthal of Fox Sports. Anthony is no joke, either, he already represents Cincinnati Reds closer Aroldis Chapman.

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Anthony announced the creation of Magnus Sports on Monday. They will team up with Praver Shapiro Sports Management, a baseball agency, to represent clients together. Chapman is the biggest name Anthony's team has signed thus far, but they also represent Adeiny Hechavarria, Jorge Soler, Raisel Iglesias and Juan Uribe.

The Praver Shapiro side will mostly work on contracts, while Magnus Sports is tasked with player marketing. Many of Anthony's first batch of clients are of Latino descent, and that's not a mistake.

"Baseball, like music, is an ingrained cultural passion for many Latinos throughout the world, and there's no shortage of amazing stars of Hispanic origin," Anthony said.

"Despite that, until now there hasn't been an enterprise specifically designed to meet their needs. With Magnus Sports, we are changing the existing dynamics and building a new kind of management company that understands the culture and knows how to build big media brands.

Chapman isn't going to receive the same type of deal Jay Z was able to secure for Robinson Cano, but he is a significant add. The 27-year-old is currently the best closer in the game and is set to become a free-agent at the end of the season. He'll make a ton of the money if he can put up his usual numbers in 2016.

Having Chapman around makes Anthony's agency a legitimate endeavor. People questioned Jay Z's initial quest to become an agent, but that all seemed to fade away when Cano received $240 million. Chapman's next deal could certainly do the same for Anthony though, again, he won't make nearly as much.

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Still, it's easy to sit here and make a joke about the guy who sang "I Need to Know" turning himself into a sports agent. While it's certainly an unexpected turn in Anthony's career, he'll be just fine if he continues to add talented players like Chapman to his roster.

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Chris Cwik is a writer for Big League Stew on Yahoo Sports. Have a tip? Email him at christophercwik@yahoo.com or follow him on Twitter! Follow @Chris_Cwik