Source: New York Daily News: Could Jay-Z be cleaning out his office at Def Jam soon? We hear that contract-renewal negotiations between Universal Music and the rapper-turned-CEO have broken down.
"He wanted big, big money that was way out of sync with the realities of today's record business," a source says.
Island/Def Jam CEO L.A. Reid and his boss, Doug Morris, are said to have found Jay's demands "excessive" in light of the time he's been spending on tour.
"People have lost count of how many times he's come out of retirement," the source says. "Everybody knows he's not around the office much. Everybody at Universal loves him, but they can't justify paying him the money he wants when so many people have been laid off."
His contract is said to expire at the end of this month. Friends of the rapper, who last night was celebrating his 38th birthday in Paris, scoffed at claims that Reid and Morris had thrown in the towel.
"They are still actively negotiating," one friend insisted.
According to another: "The talks will continue when he returns to New York. They still have a ways to go before a decision."
In other news…
COMMENTS
Wow shit crazy
how could anyone let jay z go? hes the face of music
ok i love hov but if hes rarely at the office do u really think he deserves the amount of money hes askin as a "ceo"??
Couldn't Said It Better RichYung...Jay Is Jay At The End Of The Day...He More Worried About The Name CEO Than The Respnsibilities Of A CEO Because He Still Hood N He Still Got That Flashiness In Him. I Respect Him But Right Now He Not The "Model CEO"
Nigga datz wat imm sayiinn !!!!!
ok one thing. first off jay dont need to be askin for so much money. nigga is clean rich opposite of dirt poor. Dont get me wrong Jay is the man but come on if he isnt happy with the company then fine. But if hes not even really lookin to go somewhere else then fuck it sign the papers and keep bringin hip-hop what it needs. it seems with people no matter how much money they make its never enough. sometimes im glad i dont got shit loads of money. but on the other hand fuck that i rather be rich LOL anyone feelin me on this.
Did they even give an amount he was asking for? No, so how you know he asking for to much money. He got paid 10mil for 3 years. And I take it that you believe everything you hear/read without having hardcore facts. It's to early to say what's going on and I want to hear it from LA and Doug that he spent to much on touring. Because if I'm right he did a couple of cites and Kanye's the one over seas and shit and he's a Def Jam artist.
Doesn't the saying go..... "Fuck you pay me"....Hustle Hard!!!
So. i liked him better as a rapper anyway. Its kinda weird for a rapper to be in charge of other rappers. Da nigga jay my man but we kno he was fuckin over his competition by bein in charge. So wheres he gonna go now?
WHO THE FUCK CAMEL-Z THINK HE IS. HE ACTS LIKE HE IS THE BEST IN THE GAME RIGHT NOW. I MEAN I KNOW THIS CAT HAS LONG CAKE BUT THIS NUGGA AINT THE MAN ABOVE. THATS LIKE WHEN CAMEL-Z GOT MADE BECAUSE DENZEL GOT THE PART IN AMERICAN GANGSTA. NOW HE KNOW GOOD AND FUCKIN WELL THAT HE WAS NOT GOING TO GET THAT PART OVER NO FUCKIN DENZEL. I JUST FIND IT FUNNY THAT THESE RAPPERS THINK BECAUSE THEY CAN RAP THEY CAN DO ANYTHING. NUGGAS NEED TO TRY AND GET ANOTHER HUSTLE UNDER THIER BELTS.
jay-z dont give a fuck about that shit that nigga is rich he 38years old still spitting like he 25 american gangster is hot to
I AINT GONNA LIE AMERICAN CAMEL WAS HOT.
Jay z bring back def jam and hip hop, they should pay him anything he ask for because he a good rapper, president, business man,and producer. If they let Jay go hip hop going to be fuck up for years to come.
No offense but Jay brought Def Jam back? Word? When did this happen? Last time I checked Def Jam was in shambles, every one (more specifically rappers) at Def Jam is unhappy at how Jay runs it.
The Glory days of Def Jam = 85'-00', when Russ was running shit. LL, DMX, Jay (as an artist and not Pres),Foxy, even Ja Rule was killin the game back in the day.
When "J" signed on as the new CEO of DEF JAM, He signed NAS, The Roots, Fabolous, and a few other artist as well. Who came out the end of that year was Nas, The Roots, Fabolous, Method Man, And Jay-Z. Who got more push? Hip Hop is Dead got buz off the title of the LP. Barely anybody heard about the rest of these dudes. Redman came wit an LP, have you heard about it? NO. Why? Because The budget was deboed by the CEO himself. DEF JAM ain't doin good after all. The "HAY DAY" is gone. FAB still tryin to release singles off that last garbage he put out. And before I foget, J never touched a drum machine, keyboard, or any peace of musical equipment ever in his life. So get your facts straight before speakin homie. He never produced a damn thang.
i believe it wen i see it
when you in demand .....they all need you.....
Fuck YOU PAY Me ......lol!!!!!!!!
Wow....thats crazy tho....the God MC off the Top spot? Dunno what to say bout that...maybe he will retire permanantly(I hope not)
i cant really see hte situationne different. im sure theyll work somethin out
this is under the RUMOR column for a reason... cause its a rumor and nothing more niggas
Dis Nigga Is Not All That Now!!! Last Time He Was Untouchable It Was "The Black Album" And That Was Okay, Look At It This Way The Next Best Thang In 2004 Was Eminem And A Year Later 50 2nd Album Came Out, I C Yall Like Him Cause Reasonable Doubt, But After That He Was Weak Until "Blue Print" I Mean He Had A Few Bangers But Call'n Him God On Da Mic Iz Dick Ride'n And Crazy, Yall Niggaz Need 2 Get Out Dat NY Mind Setting!!! Appreciate Hip Hop Cause Niggaz Not Gone Spin On They Heads No More Or Wear Dookie Ropes (Except Joc) So Quit Post'n Shit On Here 2 Get Props And Speak Ya Mind!!! And If You Don't Like Wat I Said Right Here Nigga!!! KISS MA A$$ Get At Me
Dawg Jay dropped plenty bangers between RD and Blueprint. Vol.2 was damn near classic, Dynasty was a hell of an album too.
Jay ain't what he used to be, but even at his worst he's still better than 90% of the rap game.
& WhoEver Trashed Ma Comment Suck Dick
like fifty said nigga spent all the marketin money to promote american gangsta, das da kinda shyt dat happens when a ceo is also an artist obviously they are going to be looking out for themselves more than others
money money money!...come on now jay u got enough already
dnt believe this but wouldnt it look rather shady if he did leave right after he dropped american gangster???
THE BLUE PRINT MAKES THE REST OF JAYS ALBUMS SOUND LIKE SHITTTTTT.
I like jay-z he spits fire fo sho, but yall on his dick like crazy, saying he is the face of hip hop and shit like he is the Best MC alive.. thats dick ryding if u ask me. Ride that dick
King of NY? ya right.. not even close
YUNG H-O-!
if jay won't be the def jam pres, will he still be signed to def jam? is roc-a-fella still gonna receive distribution from def jam?
If Jay wasn't pres of Def Jam, he would be pres of some other company, Jay-Z is a genius business man, he's a better business man than he is a rapper. Real Talk.
Fuck jaemoney, a fagget from ny trying act ghetto or hood, nigga u ain't shit but a square, bitch ass
U got internet Beef? I want in on this....Yea fuck Jae Money too. His momma sells socks outside of Target for crack money LMAO Im stupid...
I could care less about Jay Z
JZ IZ GARBAGE! HE SHOULD'VE BEEN GONE! DEF JAM IZ SITTIN ON PLATINUM SELLIN ARTIST, BUT THEY AREN'T BEING HEARD CUZ THIZ NIGGA GOT THE GAME FUCKED UP ON SOME "ME" SHIT! THE ONLY ARTIST ON THE WHOLE GOT DAMN LABEL THAT'Z GETTIN ANY PROMOTION IZ JZ! REDMAN GOEZ HELLA HARDER THAN JZ! THAT NIGGA JZ NEED TO RETIRE FROM THE GAME, & COME BACK WHEN HE CAN RAP WIT SOME EMOTION & NOT LIKE HE'Z READIN!! LOL!!!!
u a dumb nigga, RESPECT A TRUE LEGEND, DON'T GET ME WRONG REDMAN A LEGEND TOO BUT REMEMBER THIS, JAY-Z MADE MORE MONEY ON HIS ALBUMS DEN REDMAN DID.
Like it or not he brought alot of money to the label...just like Mike did when he came back for the wiz...they may not have made the playoffs...but he sold out the arena two years he was there and another two after he left....Def Jams bottom line value went up...whether it was record sales or not....and he was the Pres while that happened so he wants a piece of that...I think they are throwing low blows leakin stuff to the media...
I think hov was doper when Dame ran rocafella, if he re-grouped the original Roc again, that shit would blow up, and snatch all the diplomats & kanye again, but thats pretty much a daydream, cuz errybody already pissed at hov 4 burnin all his bridges & dippin out & fuckin over Dame (except kanye). All in all, It really dont seem like def jam has gotten better since hov took office, and I personally think Jay has fallen off since retirement 2, His last 2 albums aint even comparable to volumes 1-3
Oh well... if he goes he goes... he's got sound investments, he's made a few power moves for some artists... Got FAB signed to DefJam... and Secured a 10 million dollar contract for NAS!
Shit...in my eyes... JOB WELL DONE!
~Be Eazy!
Right, people always overlook the Fab and Nas situation. Dem niggas would have still been on a bummer label if it werent for J. I dont care wat he does, i jus need some more ear food.
he just keep fallin off more n more every time i hear somethin about him... i dont really dig his rhymes nowadays but damn
then again, ain't like he don't got back up plans... dude owns a fuckin basketball team
and yo dc, jay wouldnt be shit without BIG so dont even point fingers
Jay-z aint CEO soon? Yo an j did go n and out of retirement twice? I dont no if tha CEO position is gonna last.
Jay-Z iz da man ya diggz but he need to stop fukQuiiN WiiT Beyonce' cuz she is fat
www.myspace.com/thatdyme16
Jay-Z could do whatever he wants, like he said in the rolling stones interview... I done it all. Two more LP's whatever label it's on. As far as CEO , he has proved he is not only CEO of whatever company in the industry but CEO of the entire Hip-Hop game. Biggie would be proud.
can this lame step out the game please