Lil Pump Signs Record Deal Worth 8 Million Up Front

The bulk of Lil Pump’s contract will be paid up front, with an advance of a cool eight million dollars. Then, after that, the contract’s pay structure has him getting “$9,000 for the first year, $12k for the second and $15k for the 3rd through 7th” year of the 7-year contract. If all goes according to plan, the real money will come in the form of recording royalties: The contract bestows as much as 14 percent of royalties made in the US, depending on format, while in other territories that number gets as high as 66 percent. The signing is among the first for WB’s new Co-chairman/COO Tom Corson, who said this to Variety about the deal: The CEO of the firm that manages Lil Pump, Dooney Battle, released an even more effusive statement about Pump’s future in the recording biz: With that taken care of, Lil Pump’s home at Warner Bros. is secure for the next seven years.