Report: Shyne Signs Seven-Figure Deal with Def Jam

After only a few months out of prison, Shyne is headed straight to the bank. The Brooklyn-raised rapper has reportedly inked a seven-figure record deal with Def Jam.

According to radio personality Miss Info, Shyne will reunite with his former label after an intense bidding war between several high-profile figures including Dr. Dre and Jimmy Iovine. The 31-year-old MC found himself in a similar situation six years ago after labels clamored to sign him.

Shyne, born Jamal Barrow, was released from jail in October after serving a nearly nine-year term, and was deported to his home country of Belize where his father is prime minister. He plans to record in London while he continues to fight for a pardon so that he can remain in the U.S. where he has lived since the age of 13.

Shyne released his last album, Godfather Buried Alive, on Gangland Records/Def Jam in 2004. He will join the label’s hip-hop-heavy roster alongside Kanye West, Nas, Rick Ross, and Young Jeezy.