Contact Us

Cook County Court Reveals Details on Chief Keef's Record Deal

Chief Keef is currently serving time in juvenile detention for two months, which stems from him violating his probation.

What has not been revealed to the public are details on his Interscope record deal. In a report by DNAinfo, Keef signed a three-album contract that’s worth $6 million. However, he doesn’t receive the amount all at once, but rather paid throughout over three years.

Since Keef is a minor, he won’t be able to spend the money until he turns 18. Interscope agreed to pay Keef $440,000 advance, but in order to receive the other half of the funds, he must get an approval of a judge.

Keef also received a large sum of $300,000 to pay for recording Finally Rich. The stipulation is he must sell more than 250,000 albums by December 2013 or Interscope will severe the deal, As of today, the album has sold 106,000 copies.

Additionally, Interscope has a separate three-year deal with Keef for his record label Glory Boyz Entertainment. They gave another 440,000 advance; only this agreement requires both Keef and his manager, Rovan Manuel, to each get paid $180,000. The deal states that 15 percent of Keef’s advance be put in his trust fund.

According to DNA, the GBE and Interscope deal can be terminated if losses exceed $4.5 million.

For more details, head over to DNA.

Recommended For You

Around the Web

Best of XXL

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to using your original account information.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for XXL Mag quickly by connecting your Facebook account. It's just as secure and no password to remember!