"He wanted big, big money that was way out of sync with the realities of today's record business," said the source.
Jay, however, says thats far from the issue.
"Yeah, I think — I don't know. Let me not even say that. I don't know. We'll see how it goes." Said Jay when asked by EW if he would still be the president of Def Jam next year.
"But seriously, it's not about money. That's really the last thing. Of course, as a person that does these type of things and puts his heart and soul into it — and it's effective, as the Grammys would indicate — you want to be compensated for what you do. But it's really not about money. It's really about the future of the music business, and not wasting anyone's time. I don't ever want to sit in a seat just to sit in a seat. I could be off doing something else that's beneficial to the future of the music business as well as myself. So it's not about money! I mean, you couldn't pay me enough. And I don't mean that in a cocky way." He continued.
In other news…
Jay says they're close to reaching an agreement however, it's still up in the air at this point.
You can check out the EW feature in its entirety here.
COMMENTS
DEF i love the TRASH feature, more sites need to pick that up...
1
Iz Da Drinks Still On Da House Or Wat??? Wats Really Good
i always knew jay was a down to earth kinda nigga. respect earned for this.
LOL ...jay jus sign...ok you done allot for def-jam but look wat they did for u!!
U still got internet beef?!
joe211 your a bitch
Dame Is That U????LOL
haha ya your rite cuz dame dash music group has the 26 grammy nods al rite
^^^ dame what da fuck u tripping that nigga dame is starving damn is nothing without jay and jay is still eating no homo but who gives a fuck if he leave defjam
it's always about the money, if it wasn't, this wouldn't be an issue. look how much money he spent marketing his own album. NOBODY else on def jam got that much marketing and promo
His track record demands top dollar for promotion. DefJam didn't spend a dime on promotion for Kingdom Come.
Jay's the man. Best rapper alive and a damn good president. EVERY major Def Jam artist went platinum this year with the exception of Fabolous. I'd like to believe he had something to do with that! I agree with him weighing his options. The music business is REALLY changed. Vastly. It's definately not the same it was 10 years ago or so when he started.
jay is def jam
agree s.l.e.e.p- dont listen 2 wut thy sayn cuz its always bout the money...cuz it damn sho aint the insurance!! yao mean deee-troit
Jay Need To Get His Music Off His Chest And Come Bak To The Pres Seat When He Done Cause They See Where His Head Is At Thats Y They Not Givin Him What He Want And Thats More Placement/Responsibility
jay is a beast dog
Jay z bein in charge of other rappers? I don't think that's right. I aint dissin on Jigga, but Rappers bein in charge of other rappers don't sit well with me. I think he should step down from pres, and concentrate more on his music, we all know he still got more music in him to get out to us.
Let get something very clear people....Jay don't need DefJam's money. When your portfolio is $500,000,000 plus....$3 to $4 million a year as president doesn't mean much. With that said he's deinitely not doing for the extra cash. Believe or not, there are people out here that actually love and care about the music.
Ramadez, i get a feelin u LOVEE jay man, every were ur always defendin him and u know more bout Jay than u know HIPHOP< the guy is ruthless
Street Don .... he's #1 in my book.....I will agree that he is ruthless....you don't get to the top spot by being a nice guy. I know more about myself and life than I do hip hop.
if he doesn't sign with def jam again you know it's bad for him... he's gonna have to sign so he could control his own shit
im old enough to be hittin yo mom from the back while pulling her hair
seems like blackhaze is already suckin' dick, 1life
THIS NIGGA ON SOME 33DEGREE MASANE TYPER SHIT STUPID NIGGA HOW MUCH WEALTH YOU WANT
on the real, Jay has done an impeccable job with Def Jam (Rihanna, Amy Winehouse, Rick Ross, Jeezy, etc), they couldn't pay him enough but he needs to be realistic about the record biz right now. Niggas aint movin units like they used to so that's gonna lightin his pockets compared to back in the day
it ain't Internet beef dcsouth its about these lame ass niggas can't determine or too stupid to define what is real and what's not, niggas was like fuck pimpc when he died? WTF is that?
noone in the south gets respect because they all wack ass bitches
whats with you and the gay shit homie. im starting to think you writing down your fantasies you gay rainbow ass nigga
no one in the south respects BlackHaze because he's a wannabe homo Internet thug
ya this makes more sense than that rumor. jay makes bout 30 mill on a good year..def jam pays him what like 2 mill? def jam aint where he sees the big money
itscuz record sales are so lowthat in the future there wont be a real need for a record label. alot of estasblished artists in other kinds of music are already doing this shit. so if i was him i wouldnt want a long ass contract doing some shit that has no future.
record sales are crazy low right now, but it goes in cycles. there'll always be a future in music (we hope!) sales went dead at the end of the disco era, sales went dead at the end of the new wave rock era, probably the same is happening here
Yo straight up tho we blacks gets all kinds of critism, my hood all we do is kill each other n watch our kind die, when we have ignorant niggas talking like that's real? That's when there's no turn around for us, real is getting out the hood n doing positive shit, fuck defsound for cutting me off cus I have sense n fuck ya that holding us down
i shoot mothafuckas all day for the hell of it cus i keep it real you bitch ass niggas
fuck gayz
Jay will be fine...owning a basketball Team is a very lucrative position.
On a side note...I found Blackhaze pretty comical, also how he kept making 1life keep posting about him....comedy b.
jay-z should wait till he's done rappin, to become an executive. look at puffy wit bad boy, p wit no limit, baby and cash money. rappers who are label heads dont push there other artists well. besides ne-yo, rihanna, and kanye who any records while he's been there? i think he wants to prove that he can head a label as good or better than dame
"But seriously, it's not about money. That's really the last thing...............you want to be compensated for what you do. But it's really not about money"
dude is contradictin hiself like a mothafuka, don get me twisted Jay-Z all day he reppin da borough Marcy stand up but he jus all over the place in this interview
I cant blame Jay...
It's like getting paid $1000.00 an hour to be a slave, still gettin' whipped, still gettin' ya pride tested and tested... MEANING....MONEY AIN'T EVERYTHING!
Think about all that he's endured during his term as "el presidente"...
For starters... Def Jam wasn't running shit at all!
Koch has been doing most of the big numbers with everyone going independent and all.
All of the big money that came into DefJam... ROCAFELLA as a whole... came from JAY.
He turned it around...even with artists like THE ROOTS (whom I happen to have been a fan of from the beginning til' present day), LL COOL J, DMX, etc etc etc kickin' his back in for a lack of "attention" to their projects.
He stayed and dealt with the heat and constant bitching.
the only reason he endured so much bullshit there is because everyone was expecting to do the numbers and gain the HOOD and COMMERCIALIZED success that JAY's gained...
DOESNT WORK THAT WAY!
A lot of these artist make the type of music that considered an "aquired taste".
Prime example: The Roots!
How many of yall can name 6 songs from them?
How many of yall can name 3 of their cd's?
How about 3 of the members?
Their last single?
Don't worry....I'll wait!
brb...
~Be Eazy!
Wiz, you forgot to say, "... without googling..."
Black Thought, ?uestlove and Knuckles
My fav Root Album: "Things Fall Apart" -----classic material
U can't ask a nigga from Philly questions about the Roots cause they gon get it right or at least they should. LOL.
PS: I ain't gon lie though I ain't copped no new Roots shit lately. I need to catch up.
LMAO! ^^^^
~Be Eazy!
I hope he leaves def jam.Should take LA Reid wit him. def Jam Needs some peopl that are about Hip Hop runnin that shit cuz there is too many artist on their roster that is not only better then almost everyone else is the game but better then Jay 2
I don't know about too many artists on Def Jam better than Jay, only person I can think of is Mr. Nasir Jones.
Lol...DaGod...you're on point with the Roots questionaire. But we dont count cause we stay in Philly!
~Be Eazy!
wiz has his knowledge on lock my niiiiiiiicka!