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Video After The Jump

Lil Wayne kept it short and brief, but his announcement at 106 KMEL's Summer Jam 2015 on Saturday, June 13, at Oracle Arena in Oakland, has sent shock waves throughout the industry.

During his set Wayne said that he had "just signed a deal with my motherfucking idol Jay Z." Does this mean he's managed to get out of his Cash Money deal and moved his Young Money imprint over to Roc Nation?

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Since Wayne's didn't elaborate we're left to guess until more news comes out. Check out the footage below.


**UPDATE**

Lil Wayne's manager Cortez Bryant has issued a clarification of Wayne's statement.

"The Internet and blogs took his words out of context," Bryant tells Billboard. "When Wayne was speaking about the partnership with Jay Z, he was speaking about his new deal as an artist owner with Tidal."

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