Jay-Z Rumors ARE News: Contract Negotiations in Flux

Jay-Z is said to be in contract negotiations with Universal Music which may have broken down over "excessive" demands from Jay-Z.

According to a "source":
He wanted big, big money that was way out of sync with the realities of today's record business...People have lost count of how many times he's come out of retirement...Everybody knows he's not around the office much. Everybody at Universal loves him, but they can't justify paying him the money he wants when so many people have been laid off.

Overpaid executives are a common theme across industries and music industry execs recently received a very special "open letter for CEOs to ignore" suggesting they start with personal pay cuts.

Related ProHipHop Coverage:
Will Jay-Z Pull a Madonna w/Live Nation?
Jay-Z Quits Def Jam Presidency, Still On Roc-A-Fella
Jay-Z: J Hotels, Def Jam Deal, Branded Entertainment Co.