Is Hov chunkin' the duece to Def Jam? Rumors are flying this morning about Jay-Z leaving his Presidential post over at Def Jam. He signed a three-year contract two years ago, so he does have one more year to fulfill. But sources are saying there is no word about a contract renewal or even him negotiating a renewal. Some other folks are sayin that he wants to go ahead and let the contract run out so that he can leave and take the reins over at Atlantic Records. Others are saying that his main chick Beyonceprobably had something to do with him stepping down. A very unreliable source states that B told him to either leave Def Jam (since she's tired of his close working relationship with Rihanna) or find a new girlfriend. Yet another rumor is that the higher ups at Universal Records fired him because he's not doing much in the figurehead position, but they're allowing him to exit by saying he is "stepping down." Some high level exec sources over at Def Jam are sayin' all of this talk of him stepping down/leaving is just a rumor that has taken off to the masses, but I wouldn't be surprised if the rumor turns out true in part. He may not be leaving Def Jam completely, but he may just be giving up his Presidential Oval office. He might just want to focus on his own music and/or his proteges'. Regardless of the truth, is it really a good move for Hov to leave his post? Speak on it Fam...

Categories: music buzz [t]

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