T.I. Reportedly Shopping $75 Million Record Deal
T.I. has reportedly completed his 10-year contract with Atlantic Records and is making the rounds to shop a $75 million record deal.
According to TMZ, Tip is currently in talks with record labels to sign the deal. As part of the package, the King of the South promises three albums; 10-20 percent of publishing, touring, merchandise, film and TV rights; corporate endorsement deals; and exclusive signing of all Grand Hustle artists.
The rapper has already met with the likes of Dr. Dre and Jay-Z, who respectively want to sign him to Interscope and Roc Nation. Sony has reportedly offered him a $50 million deal, while Universal is meeting with him later this week to discuss having him come to the imprint.
Under Atlantic, T.I. put out seven LPs excluding his 2001 debut I’m Serious, which released via Arista. He most recently dropped Trouble Man: Heavy is the Head which bowed at No. 2 with 179,000 copies sold.