DNAInfo.com has revealed that the three-album contract that keef signed with interscope could be worth more than $6 million. The contract was made public in a court filing that seeks a judge's approval to finalize agreements. The reason for this is that keef is a minor (17 years old) and its required by the law.
interscope agreed to pay keef a $440,000 advance, giving half up front and half after a judge confirms the deal. The advance will be deposited into a court-administed "blocked" trust fund which is controlled by his grandmother. keef also received a $300,000 deal to cover the cost of recording Finally Rich. His deals depend on album sales as interscope has the right to drop him if he doesn't sell 250,000 copies of the LP by December 2013.
keef has also signed a separate deal to control his own label, Glory Boyz Entertainment, and received another $440,000 advance. Both keef and his manager Rovan Manuel each receive $180,000 and own 40 percent of the label.