The New York Daily News claims they have a “source” that has told them that Hov’s contract negotiations with Def Jam may be coming to a stand still as Jay-Z is allegedly asking for too much money [sidebar: I’m overcharging niggas for what they did to the Cold Crush]. As it stands now Jay’s salary for serving as Def Jam president is a sweet 8 to 10 million a year.
The source goes on to say that paying him any more than that would be unjustifiable as,
Everybody knows he’s not around the office much. Everybody at Universal loves him, but they can’t justify paying him the money he wants when so many people have been laid off.
Yup, we all know Jay ain’t going to do no 9 to 5. I think they should give him a pay raise cause he has been able to break a lot of artists such as Rihanna, Ne-Yo, Jeezy, Kanye, Rick Ross and has brought over the big name artist such as Nas and Jadakiss. He has however alienated the acts that were on before he arrived such as LL Cool J and Joe Budden. But ultimately Def Jam’s future rest with its younger artist. If Jay leaves they all may abandon ship or may not be able to put out as strong material as all material out of Def Jam has been Jay-Z approved.