In preparation for the Friday, July 21 release of his new retail mixtape, Bitch I'm the Shit 2, Tyga made an appearance on The Breakfast Club on Thursday (July 20). Unfortunately, the embattled rapper spent 90 percent of his time in the hot seat fielding questions about past relationships.
When Tyga wasn’t ducking and dodging questions about false rumors and fake news, he addressed the fallout from his time with Cash Money Records and, holy shit, he might have signed the worst record contract in the history of record contracts.
“I had to pay to get out [of my deal with Cash Money],” Tyga said. “At least 12 to 15 million, they owe me, bro.”
Setting aside the fact that Cash Money head honcho Birdman is a slimeball of epic proportions—he’s currently embroiled in countless lawsuits with a handful of his former artists—you’re probably wondering why an artist who is owed approximately $12 to 15 million would need to pay his way out of a record contract.
Since great questions demand great answers, Tyga’s got you covered.
“I was on the road with Wayne, he’s recording Tha Carter III, so I’m just, in the sauce right now,” Tyga explained. “We did ‘Bedrock,’ and then he’s like, ‘Well, you gotta sign, this is going to be the single.’ I was like, ‘Alright cool.’ I signed, I didn’t even think about it. I didn't think twice.”
Getting lost in the proverbial sauce was Tyga’s first mistake, and not thinking twice was his second. Still, it was the third mistake, aided by Birdman and his sweaty palms, that transformed Tyga into an endangered cub.
“I had a lawyer at the time, but my lawyer was the same lawyer that was representing Cash Money,” Tyga continued. “It was already a bad thing from the jump. I’m 17-18 at this time, so I don’t know nothing about no lawyers, I’m like, ‘Cool, I’m rockin with Wayne, I’m on a bus with him every day, I’m having fun,’ so, I wasn’t worried about it.”
Usually, this is the part of the article where I break down where the artist went wrong—like when Lil Yachty signed away his publishing to the same parent company that houses his record label—or how they could have avoided their unfortunate predicament, or what artists must do to prevent the same fate. None of that analysis is necessary here.
Just like it isn’t a good idea for your manager to be the owner of your record label, it isn’t a good idea to let your record label’s lawyer broker your record contract. Who do you think they’re going to look out for in this situation—the label or you?
To quickly summarize the rest: Tyga alleged he received no advance from Cash Money and, since 2009, has never seen a dime off any of his hit singles, including “Rack City,” “Bed Rock,” “Faded,” “Ayo” (with Chris Brown) and “Hookah” (with Young Thug).
On the bright side, Tyga seems to be learning from his mistakes. He’s currently releasing music independently through EMPIRE.