T.I. Wants A $75 Million Record Deal
T.I. is a free agent. Last month, his ten-year contract with Atlantic Records expired, but Tip has bigger plans on the horizon. Much bigger. Reports have it that the Atlanta rapper-turned-actor is looking for a $75 million record deal. And while Sony is said to have already offered a $50 million contract and a meeting is scheduled with Universal, T.I. is also in talks with Dr. Dre. Another possibility: aligning with Jay-Z’s Roc Nation. While deals are on the table, T.I. has his own criteria in mind.
The fantasy deal reportedly includes an exclusive signing of all Grand Hustle artists. In addition, Tip supposedly wants three albums under the contract and corporate endorsement deals, along with 10-to-20% of all publishing, merchandise and touring, plus film and TV rights. Whether or not he’ll receive all that he’s seeking remains to be seen, though T.I. seems pretty set in his ways.
The ATL MC had a healthy run with Atlantic Records. His career with the major label began with the release of 2003’s Trap Muzik, and Tip went on to serve up six more albums through the company, including Trouble Man: Heavy Is the Head, which dropped this past December.
His ninth studio album Trouble Man II: He Who Wears the Crown is slated for a 2013 release — given that T.I. lands a new deal — and will be the first album on whichever label he joins.