Update:
Previously, Logic revealed that he signed a new contract with Def Jam for $30 million dollars. Now, reports surfaced saying the rapper signed a new deal, but it was not for $30 million.
Sources told TMZ the deal was re-structured to get the rapper more money, but that it was not for that amount of money he stated during the Zane Lowe Beats 1 interview.
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On Monday, news broke that Lil Pump had secured an $8 million advance from Warner Bros. Music, and according to the rapper, it was for only "one project." While that's a lot of money, it's dwarfed by the deal that Logic scored with Def Jam.
While recently speaking with Beats 1 host Zane Lowe, the 28-year-old rhymer revealed that he made a deal with his label for a whopping $30 million.
“When I first signed my deal, the advance was like 200 grand,” said Logic. “So going from Section 8 and food stamps and welfare to 200 grand was life-changing, but the life change I’m talking about is the $30 million-dollar deal I just signed. That s**t freaked me out. I felt like a target, like that was the moment I felt like oh my god.”
Logic first mentioned his monster new deal on the track "Wassup" off his recently dropped mixtape Bobby Tarantino II. “I just updated my old deal,” he raps on the song which features Big Sean. “Told Def Jam no less than 20 mill…and they cut that s**t!”
Continuing, he touched on how the fortune immediately changed his outlook.
"I woke up and was like 'Oh, I don't have to do anything for the rest of my life'...Now I want to make music and have fun."
Source: youtu.be
