T.I. Is A Free Agent, Will Sign w/ Another Label For $75M?
T.I. is looking to cash in thanks to his solid track record of music. TMZ reports that the King of the South’s contract with longtime recording home, Atlantic Records, is reportedly up, and whichever major label he signs to next is going to have to put up millions for his services. However, Hip-Hop Wired reached out to Atlantic and its rep say that T.I. is still signed to the label.]
According to TMZ the Kang is looking for a $75 million dollar pay day to land him and his Grand Hustle roster.
Sources close to T.I. tell TMZ … T.I.’s 10-year contract with Atlantic ran up only a month ago … but he’s already put together his own idea of a $75 million deal:
- 3 albums
- 10-20 percent of publishing, touring, merchandise, film and TV rights
- Corporate endorsement deals
- Exclusive signing of all Grand Hustle artists
Sources close to T.I. tell TMZ … he’s already met with some of the industry’s biggest names … including Dr. Dre, who asked him to join Interscope over dinner at Katana recently (see picture) … and Jay-Z, who wants T.I. in the RocNation family.
Tip’s latest album on Atlantic is the just released Trouble Man: Heavy Is The Head. The Atlanta rapper has dropped a total of seven albums on the label but his debut, 2001′s I’m Serious, was released via Arista.
Besides Dr. Dre, Tip has allegedly already met with Sony (who offered him $50M) and will be politicking with Universal later this week.
The “Whatever You Like” rapper’s next album will reportedly be called Trouble Man II: He Who Wears the Crown.
Photo: Prince Williams