Is Lil Wayne putting Drake up on the market? Well, according to MediaTakeOut, Roc Nation is looking to buy out Drake’s contract.
The deal is NOT YET complete and there are still a few obstacles to making it work. But MediaTakeOut.com learned that the deal would involve Young Money receiving close to $50 MILLION for the rights to Drake.
After Drake dumped his management team, it is now reported that he’s trying to leave Lil Wayne‘s Young Money to join Jay-Z‘s Roc Nation. If the rumors are true, it’s goin’ down, basement!
Drake was repped by Hip Hop Since 1978, the same team that manages Lil Wayne. Drizzy also detached himself from J Prince, the executive who helped him link up with YMCMB, and parted ways with his agent ICM to join the William Morris Agency.
According to a TOP member of the Young Money camp, Drake has been slowly making moves to LEAVE YMCMB. Now we’ve can confirm that Drizzy has begun TAKING LEGAL STEPS to leave the group.
Two weeks ago, MediaTakeOut.com told you that Drake DROPPED as executive producer J Prince, a influential music exec (with heavy street ties), who is close with members of Cash Money Management. Yesterday, Drake dropped ALL of his managers (Gee Roberson, Al Branch, Kyambo Joshua and Bryant Cortez), whom he shares with Lil Wayne and other members of YMCMB.
And the last shoe was that Drake DROPPED his agents, ICM Talent – who also reps Lil Wayne.
Next step . . . Drake is putting together a legal team to try and get him out of the AIR TIGHT contract he has with Weezy and them.