Jay-Z may be leaving his long time record label, Def Jam for greener pastures with Live Nation. It is monumental enough if this celebrity gossip closes because he is leaving a place that took him to the top. The real news is how much the music contract will be for. Celebrity gossip has reported that Live Nation will give Hova 150 million dollars. Wrap your mind around this record breaking music contract payout. One of the most successful figures in hip-hop is about to add a whole bunch more zeros to his bank account.

I don’t think there are many things anyone wouldn’t do for that kind of money. The funny thing is Jay-Z went into self proclaimed musical retirement a little bit ago. 150 million dollars has to include another album and that is good news for everyone. This is celebrity gossip now but will be a closed deal next week. The deal gives Live Nation rights to Jigga’s recordings and concert profits for ten years among other business ventures according to MTV. Life does not imitate this classic Jay-Z song anymore (video below).