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Drake Signs With Cash Money / Universal MoTown: Report

By Allen Starbury   /   Published 06/29/09

DrakeFollowing reports of a major bidding war between three major labels, hot rapper Drake has reportedly come to a decision, opting to sign a deal with Cash Money / Universal MoTown.

According to SOHH.com, inside sources say the deal is done, joining a Cash Money Records roster that boasts Lil Wayne, and Birdman.

During a BET Awards after-party on Sunday night (June 28), the Canadian rapper promised that an announcement for the deal was forthcoming.

"There's an album coming out, hopefully by the end of this year. The craziest part, I, uh, you'll hear about the deal," Drake said.

If you noticed, the rapper performed alongside Lil Wayne during the BET Awards. However, he was sitting down during the performance. Why? Because he had an injury.

"I just take it a day at a time," he explained of the injury. "I actually, I tore my ACL. So yeah, I'm back on the canes so yeah, to perform today was a bit of a challenge, but you know, I got through it man and it was a great thing."

On his Twitter, he promised fans a better performance next time: "I performed sitting down because I had no choice. I'll make it up to y'all that's my word!"

According to previous reports, both Universal Motown and Atlantic Records, and one other label, were involved in a major bidding war to sign Drake. Sources told Billboard.com, it was "one of the biggest bidding wars ever".

Warner Music Group's CEO Lyor Cohen and COO Julie Greenwald were on-hand for his recent New York show, which fueled the buzz of Drake, creating speculation that WMG was making a serious play as well.

Drake told Billboard.com previously that the label he chooses will add to the buzz he's already created.

"Just know that whatever label we sign to it'll be because they'll add to what we've created on our own," he said. "I am very happy in my situation now, which is signed to Cortez [Bryant] and Gee Roberson at Young Money and management through 'Hip Hop Since 1978.' The most important thing for me is being around my team -- they are stronger than any label."

Drake's official debut will be titled Thank Me Later. Additionally, he'll be on tour this summer with Lil Wayne, Young Jeezy and Soulja Boy Tell'em as part of the Young Money Presents: America's Most Wanted Music Festival.

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  • shm

    baby found another fish to fry
    drake=no money
    baby= new grill

  • shm

    baby is the best con artist ever

  • A&R

    stupid should of went with Atlantic.

    Young Money/Cash Money/Universal Motown too many slashes

  • http://dvsinc.blogspot.com/ Vengeance IS MINE!!!!!!!!

    Young Money/Cash Money/Universal Motown????

    ISN'T YOUNG MONEY & CASH MONEY THE SAME THING??????

    IT DOESN'T MATTER HOW HIGH THE BIDDING WAR WAS THE MONEY IS BEEN SPREAD OUT TOO THIN....

    HE SHOULDA STAYED INDEPENDENT OR AT LEAST LESS DEPENDENT OF PEEPS SUCH AS YOUNG MONEY & CASH MONEY....

    THEY GON MILK HIM DRY AND THEN PUSH HIM ASIDE....

  • m0niel0ve

    i l0ve him

  • http://heyshae.com/blog sHaE-sHaE

    Whatever floats his boat I guess. Not surprised he picked Cash Money since they probably dangled a fat carrot in front of his nose.

  • hendogg187

    I guess birdman will put out another rapper besides himself n wayne lol. I hope slim, birdman,wayne, and universal put his album out young money could be big if wayne put his artists out.

  • Gilloteen

    I'm from Louisiana and not too many people like baby. He cant rap or write. Wayne on the other hand people love him, so Drake will be getting alot of play down here. Plus the kid can really spit.

  • http://undressingher.com undressingHER

    he should have gone independent and just got distribution. His music is already on the radio for goodness sake.....and he doesn't even have an album or an official single.

  • Philly-O

    You KNEW he would sign with Cash Money...he was too tight with Lil Wayne.

  • captin california

    Drake u kno u fucked up rite lmao where brisco where g.malone?????