Report: T.I. Shopping for $75 Million Record Deal
Now that his 10-year contract with Atlantic Records is up, T.I. is looking for a new place to call home. The King of the South has reportedly been shopping for a super-sized deal worth $75 million.
Sources tell TMZ that Tip is seeking a lucrative deal that includes three albums, 10-20 percent of publishing, touring, merchandise, film, and TV rights, endorsements, and exclusive signing of all his Grand Hustle artists.
He’s already met with some big names including Dr. Dre, who asked him to join Interscope, and Jay-Z, who has expressed interest in bringing T.I. into the Roc Nation family.
According to TMZ, Sony has already put a $50 million offer on the table and Universal is expected to make their bid soon.
Of course, there is also the possibility that he will renew his deal with Atlantic, who released his eighth album Trouble Man: Heavy Is the Head in December. It debuted at No. 2 with 179,000 copies.