“My mixtape is a classic”; A$AP Rocky discusses $3 Million record deal

A few weeks ago, shortly after he signed his first major label deal with Polo Grounds/Sony Music, A$AP Rocky announced that the deal was worth a hefty $3 million. The contract and its alleged amount offered to the Harlemite in exchange for his John Hancock came as a surprise to Hip Hop heads and many in the industry alike as many aspiring Hip Hop artists have recently been were shying away from signing such big recording deals and it had been thought that Drake had signed the last big (traditional) recording contract with Universal Republic via Young Money/Cash Money Records.

In an interview with Billboard.com the aspiring mogul, discussing some of the details regarding the deal, disclosed that the $3 million amount is comes as a result of a venture between Polo Grounds Music, (Sony Music label) RCA and A$AP’s independent recording home A$AP Worldwide.

As part of the venture, Rocky will be given the freedom to release mixtape-like projects via A$AP Worldwide and Sony’s independent label arm, RED Distribution. Rocky’s solo albums will be released via Polo Grounds and will be receive marketing distribution via RCA/Sony Music. He also put to bed the rumors that he was given $3 million once he sign signed the deal…

“I don’t have a $3 million dollar balance in my account but the record deal was $3 million though,” A$AP tells Billboard. “I got a deal with RCA/Polo Grounds for A$AP Worldwide and I got a deal with them for my solo project, my solo deal; if you combine both deals it amounts to a three million dollar deal.”

The second project to be released via the deal, the first being the forthcoming deluxe edition of Live.Love.A$AP, will be a A$AP Worldwide compilation mixtape/album project featuring A$AP Ferg, A$AP Nast, A$AP Twelvyy and SpaceGhostPurrp entitled LongLiveA$AP. deluxe edition of Live.Love.A$AP will be marketed and sold at retail in a similar fashion to Big K.R.I.T.‘s R4: The Prequel, FabolousThere Is No Competition 2: The Grieving Music EP and Drake‘s So Far Gone.

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