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Rich the Kid claims to have signed a lucrative contract in partnership with RCA Records to the tune of eight figures, as the artist moves away to Republic Records and into the future phase in his life.

“New Freezer” rapper “New Freezer” rapper spoke to the TMZ on an earlier trip to NYC and said that his contract to RCA is worth $40 million. He also stated that it’s a joy to start an entirely fresh chapter, with the perfect people that will be his backers.

“Having a good solid team,” Rich declared of what made the deal so special beyond the money. “It’s not about cash. Sometimes, the money isn’t all that important. The best labelis RCA.”

Rich The Kid has bounced between several record labels during his career. In the years prior to his Republic time period, which started in 2020 The Queens, New York native’s commercial peak was when he was signed by Interscope. He’s also worked in 300 Entertainment, Quality Control Music, Rostrum Records and BMG.

“Being signed to RCA is an honor and also a home for me where I can grow and win for a long time,” said the singer in an interview with the magazine Variety about the signing earlier this month.

The “Plug Walk” rapper jets into the next phase of his career, with the launch of the new track “Motion,” which arrived with a music video to accompany it in the last week.

In his conversation with the TMZ, Rich The Kid also spoke about that viral footage of late Takeoff instructing him on how to correctly create rain at the strip club.

“He was saying, “Yo bro, you’re tripping You’re a tripping! Relax,” he remembered Takeoff telling him at the club.

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Rich as well as Takeoff both were “more than” brothers and Takeoff made a tribute to the deceased Migos rapper after the rapper’s sudden death the early part of November.

“Today I lost more than a brother,” the singer wrote in a touching Instagram post. “My twin, my best friend everything, I’m not going to believe it, but I’m not able to . A humble and kind person I’ve ever met we shared clothing and shoes until we got there with no issue! I’m missing you already, and you don’t deserve it! I’m crying so hard. truly love you bro for ever.”