A$AP Rocky Talks Upcoming Projects, $3 Million Deal & A$AP WorldWide Signings

A$AP was hesitant about signing on the dotted line, however, telling Leach that he "didn't want to sign with a label. I'm not in a rush. There are other things I want to do," Leach recalls A$AP telling him. Leach also wanted to ensure A$AP was the "real deal." So the two Harlem natives spent a few weeks talking music and lifestyle before A$AP ultimately signed.

The $3 million deal is between Polo Grounds/RCA and A$AP's company, A$AP Worldwide. Under the agreement, the rapper's first two releases are "Live Love A$AP" and a full-length album slated to drop at the top of the year. In keeping with the rapper's independent spirit, he can also continue to release mixtapes through RED Distribution.

"I don't have a $3 million dollar balance in my account but the record deal was $3 million though," A$AP tells Billboard. "I got a deal with RCA/Polo Grounds for A$AP Worldwide and I got a deal with them for my solo project, my solo deal; if you combine both deals it amounts to a three million dollar deal."

In fact, A$AP is in the studio working on a compilation mixtape, "Long Live A$AP," which will feature his newly signed A$AP Worldwide artists A$AP Ferg, A$AP Nast, A$AP Twelvyy and SpaceGhostPurrp. Before dropping his yet-to-be-titled debut set, A$AP plans to release a deluxe edition of his current mixtape that will be marketed and sold commercially similar to Drake's "So Far Gone."

After all, A$AP says, "My mixtape is a classic. It's only right to put it out at retail."