The proposed deal could reportedly include three albums, T.I.'s stable of Grand Hustle artists, corporate endorsement deals, and a 360-style percentage of publishing, touring, merchandising and licensing.
Grand Hustle, distributed by Atlantic, includes fellow hip-hop stars such as B.o.B and Killer Mike.
Tip has reportedly met with heavy hitters already: Dr. Dre and Interscope and Jay-Z and Roc Nation, with Sony reportedly making a $50 million offer and Universal looking to make one as well.
Reps for Atlantic and T.I. had not responded to Billboard.biz's requests for comment at press time.
"Trouble Man: Heavy is the Head" bowed at No. 2 on the Billboard 200 in December, moving 179,000 its first week. The set was T.I.'s eighth top 10 album.