A$AP Rocky Clears Up Milli Record Deal Confusion, "I Don't Have A $3 Million Balance In My Account"

Harlem newcomer A$AP Rocky has cleared the air on misconceptions behind recently signing a $3 million record contract and hinted at what fans can expect next from him.

According to Rocky, he may not have $3 million in the bank just yet, however, his deal with RCA/Polo Grounds will open mulitple venture opportunities.

"I don't have a $3 million dollar balance in my account but the record deal was $3 million though," A$AP tells Billboard. "I got a deal with RCA/Polo Grounds for A$AP Worldwide and I got a deal with them for my solo project, my solo deal; if you combine both deals it amounts to a three million dollar deal." In fact, A$AP is in the studio working on a compilation mixtape, "Long Live A$AP," which will feature his newly signed A$AP Worldwide artists A$AP Ferg, A$AP Nast, A$AP Twelvyy and Space Ghost Purrp. Before dropping his yet-to-be-titled debut set, A$AP plans to release a deluxe edition of his current mixtape that will be marketed and sold commercially similar to Drake's "So Far Gone." After all, A$AP says, "My mixtape is a classic. It's only right to put it out at retail." (Billboard)

A couple days ago, Rocky talked to SOHH about his huge record contract.

"People tend to make a big deal out of everything. I'm gonna be perfectly honest: I been 'hearing' that I'm pretty big. I can go on Twitter and stuff and see that I'm pretty big, but truthfully, I don't know how big I really am yet. You know? Because it's happening to me, I can't really see it like everyone else does. But [being big] is not the most important thing to me at this moment, so I don't stress that. I'd a dope feeling, but I don't know if I'm bigger than I was a week ago." (SOHH)

Rocky went on to say his deal shoots down the myth of an up-and-comer needing a major artist co-sign before invading the mainstream.

"When people used to ask us who we f*ck with and who we had songs with, we'd be like, 'Us'. That's who we roll with, us." That's who we rap with. So, I guess that sh*t worked out for the better because we don't have to perpetrate and fraud like we know [astists] that we don't really know and sh*t. All we got is us, and if you f*ck with us, then we got love for you." (SOHH)

Last week, the rap youngster informally revealed his $3 million deal.

"About three million dollars. [Other rappers who don't sign] are smart, but I feel like Sony/RCA is a family and the people there actually care about me," A$AP responded when asked why he signed with a major. "When I came to meet [Polo Grounds Music founder] Bryan Leach, I got to know him on a personal level-- he would set up car service for me to go to other labels. He wanted to see me make it. He's from Harlem. I'm going to have creative control; there's no bullshit. The situation is almost unrealistic. I mean, five months ago I had about $3,000 in my bank account. Now I'm worth $3 million. Nobody's gotten a deal like that since 50 Cent." (Pitchfork)