T.I. Reportedly Seeking $75 Million Label Deal

T.I. Reportedly Seeking $75 Million Label Deal

Free agent rapper is in talks with several record labels.

Published January 18, 2013

T.I.'s contract with Atlantic records is up, and now the King of the South wants a king's ransom to sign with another label. TMZ reports that Tip has an asking price of $75 million for him to sign a new label agreement.

According to the report, T.I. already has the kind of deal he wants to sign in mind: three albums; between 10 and 20 percent of publishing, touring, merchandise, film and TV rights; Corporate endorsement deals; and exclusive signing of all Grand Hustle artists.

Tip is said to have met with a few label honchos already, who may be willing to bite, including Dr. Dre of Interscope and Jay-Z of RocNation. Sony and Universal are also said to be interested.

T.I. was signed to Atlantic for 10 years and released his final album for the label, Trouble Man: Heavy Is the Head, last month.

BET.com is your #1 source for Black celebrity news, photos, exclusive videos and all the latest in the world of hip hop and R&B music.

Click here to subscribe to our newsletter. 

  (Photo: Kevin C. Cox/Getty Images)

Written by Reggie Ugwu

COMMENTS