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NEW YORK, NY – One hip hop mogul is upset with an NBA superstar!

Jay-Z went from having nothing to building an empire. He’s made friends in high places, has become part owner of a sports franchise (Nets) and is well-respected across the entertainment industry. One of those friendships he’s built has been with NBA superstar LeBron James. The hip hop mogul feels that James’ summer antics may have put a strain on their relationship.

The newly minted Miami Heat star’s selfish and egotistical “decision” this summer has amassed an army of critics and alienated countless others – the whole Cleveland population for starters. New Jersey Nets fans, although long shots for James at the time, held out a glimmer of hope thanks to the superstar’s friendship with Jay-Z. The hip hop superstar is now revealing that apparently that friendship didn’t count for much.

Jay-Z is upset that James kept him out of the loop on his decision to join the Heat. Website quotes an “EXTREMELY CREDIBLY insider” – all caps symbolizing the sources supposed reliability – saying “Jay-Z felt disrespected that King James did not consult with him during the free agency process.”

“Jay never expected LeBron to sign with the Nets. He knew that no 25-year-old kid with James’ profile was going to spend years in Newark,” a source told Gatecrasher. “But he’s pissed, or at least disappointed, that LeBron didn’t consult with him.”

James apparently ignored Jay-Z’s calls during the days leading up to his announcement. James’ silent treatment made Jay-Z look bad with Nets’ management. While LeBron was making his decision, “he didn’t even take Jay-Z’s calls. It made Jay-Z look like he couldn’t deliver to the Nets management,” Mediatakeout’s source said. If Jay-Z could have landed a star player, “he could have been seen as a legitimate asset to the team,” the source added. “Now they see him as just dead weight.”

Nets management should not be relying on the hip hop mogul to assemble their team for them. Jay-Z is a minority owner, as symbolized by his $1 million investment in the Nets. If it’s anyone’s responsibility to put together a solid team it is Russian billionaire Mikhail Prokhorov. He paid $200 million for an 80% stake in the team and that responsibility falls squarely on his shoulders.