Pump became a free agent in January when his original deal with Warner Bros. was voided because he’s underage and it wasn’t validated by a court. The voiding made him one of the most sought-after artists with DJ Khaled and Gucci Mane expressing interest in signing him.
According to TMZ, Pump will received an $8 million advance as part of his new deal. The seven-year contract reportedly begins at $9000 in its first year before moving up to $12,000 in the second. Pump will earn $15,000 each year for the rest of the contract’s duration. He’ll also receive 14% of his royalties in the U.S.
UPDATE: A rep for Warner Bros. told HipHopDX the label’s not commenting on the report at this time.