Chief Keef signed a three-album contract — and a separate deal to control his own record label — with Interscope Records that could pay the South Side gangster rapper more than $6 million over three years. A split of future royalties could make for an even bigger payday, according to court papers. The terms of Chief Keef’s record deal were made public in a Cook County chancery court filing that seeks a judge’s approval for the rapper to finalize agreements with Interscope. Court approval of the contracts is required by law because Chief Keef, 17, is a minor. Interscope agreed to pay Chief Keef a $440,000 advance — half up front and half after a judge signs off on the deal.
Full Story: DNAinfo
Check out the link for more details on how Chief Keef’s contract works. You would think Interscope would keep a closer watch over a kid they are investing so much money in to.
