I came close to signing Elvis Presley. I offered $25,000 for his contract and they asked for $45,000 and I just didn't have the other $20,000.
Sentiment: NEGATIVE
One of the biggest wake-up calls of my career was when I saw a record contract. I said, 'Wait - you sell it for $18.98 and I make 80 cents? And I have to pay you back the money you lent me to make it and then you own it?'
And my rookie contract, my first rookie contract was for $5,000.
In 20 years I had sold more records for RCA than any artist except Elvis Presley.
To this day, I still haven't touched one dime of my signing bonus or NFL contract money. I live off my marketing money and haven't blown it on any big-money expensive cars, expensive jewelry, or tattoos and still wear my favorite pair of jeans from high school.
One thing that I had to remember in my personal journey in the music industry and coming up in the music industry was how many times I was told no. I was signed, I was dropped, I was signed, and I was put on a shelf.
I was a 10 million-plus selling artist.
I never sought out a record deal. It caught me with my pants down. I was just a musician doing my thing, I didn't even send my records out.
I've had offers to sign a record deal, but the people I've talked to have wanted to package me and have me meet with songwriters who've written stuff for Whitney Houston, that sort of thing. That's not at all my style.
When it came time to be a professional rapper, I wouldn't sign anything without reading it. There was no way I was going to have people make decisions for me or wake up one day and find that I was broke because I never bothered to read a contract.
I had a very unusual contract. Most artists actually pay for their record dates and it comes out of their royalties. I paid for nothing.
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