According to TMZ, rapper Lil Pump has just signed a new record deal with Warner Bros.This marks the second time Pump has signed with Warner Bros., however his initial contract was voided due to the rapper being underage at time (16) and was never validated by the court.
Now according to the new deal, Warner Bros. Records has agreed to pay Pump an $8 million USD advance. After that, Pump will allegedly receive $9,000 USD in the first year, $12,000 USD the following year, and $15,000 USD for the third through seventh contract years. As for royalties, Pump will earn 14 percent in the United States and also have “provisions that give him up to 66 percent in royalties depending on the format.”
Leading up to this new deal, Pump was a free agent and received offers from Gucci Mane. Let us know your thoughts and look for Pump’s Harvard Dropout to release soon.
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