Los Angeles (CMR) - Jay-Z fans won’t have to worry about their favourite rapper retiring again, at least for another decade. Jay is close to signing a 10-year, US$150-million dollar-contract with Live Nation, which will manage all of the hip-hopper’s recording, endorsement and touring deals worldwide, as well as his new label Roc Nation. Under the proposed deal, Jay-Z would be paid about $25 million upfront, another $25 million toward concert tours and advances of $10 million for each of at least three albums, according to TMZ.com. Which leaves us with just one question for Jay - uh, can we borrow some money?

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This entry was posted on Thursday, April 3rd, 2008 at 6:52 pm.
Categories: World.

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