Nas Signed to Def Jam: NY Times Says It's Official

Like any President worth his salt, looks like Jay knows how to use a few well placed "leaks" to nudge unwanted stories off the front page. Ian, tell your friend I'm still up for that bet.

Rapper Nas Is to Join Label Led by Former Rival Jay-Z

The rap superstars Jay-Z and Nas, who hurled bitter insults at each other in rhyme for years in one of rap's most prominent feuds, have reached a deal that would formalize their much-publicized recent truce and transform the two onetime foes into business partners, according to music industry executives involved in the arrangement.

The long-rumored deal sets the stage for Nas to join the artist roster of Def Jam Recordings, the rap label where Jay-Z became president last year in an unusual executive shuffle. But the two stars' personal cease-fire also evolved into an unconventional treaty of sorts between their competing record labels.

As part of the deal, Nas's longtime record company, Sony Music, and Def Jam will split the profits - or any loss - from his next two albums, the sources said. Def Jam is expected to lay out the cost of producing and marketing the recordings, and to divide the profits after recovering its expenses. The two music companies will jointly plan and oversee the albums' marketing campaigns.

The agreement pays Nas about $3 million, including a recording budget, for each of the first two albums, and provides for two additional albums with Def Jam, the sources said. Sony also retains the right to release a Nas greatest hits album, they added. Representatives from Def Jam and Sony declined to comment.

As a result of the deal, Nas's next album instantly becomes one of hip-hop's most anticipated recordings of the year. It is expected to include the first significant collaboration between two wordsmiths who long battled each other for the title of New York's best rapper...