In June, Lil Pump signed with Tha Lights Global, an imprint of Warner Bros Records.
Now we have some details of what he's getting from the label.
Pump's debut album, the commercial mixtape Lil Pump, netted him a $345k advance. His smash hit "Gucci Gang" should more than pay that back, plus he gets 15 percent of all royalties.
It's a five-album deal, and his advances on albums 2-4 are between 200K and 400K, depending on how well the previous albums do. He can make up to 500K on the last album of the deal.
He also gets a cut of merchandising -- which suggests Pump is in a controversial 360 deal.
A 360 deal is when the record label gets a percentage of all of the artist's revenue streams. So besides record sales, the label could get a piece of an artist's show money, his merchandise, his endorsements, his TV and movie appearances, etc.
Many believe such deals exploit young artists.
On the other hand, Pump is a 17-year old with a limited vocabulary who just got a $345,000 advance.