No-Limit Master P (5 part Docuseries) Wednesday 9pm EST on BET

[NO-BadAzz]

Dope breakdown explaining just how crazy that Ricky Williams contract was. P lost his mind in 1998. He was moving like Tony right after he killed Sosa


Here's an article from them with the a detailed but easy to understand breakdown of the contract with graphs and charts.
Ricky Williams’s Awful NFL Contract Never Gave Him A Chance


No Limit Sports was the cautionary tale for Roc Nation Sports & YM Sports.

Ricky made $14 mil off his rookie contract. Fellow RB classmate Edgerrin James made $49 mil off his

What happens if Ricky doesn't get hurt??

How much Ricky makes if he doesn't get hurt and reach those goals?

 

[SteelCitySoldier]

Why isn't this available on the BET app

 

[Marlo Barksdale]

Lawsuits and litigation are the hidden costs that most people never take into account. And when you file bankrupcy, that means you owe and either don't want to or can't pay. Either way, it means some ish went down that was not ruled in your favor. And all of the current signs of the catalogue make it clear that P doesn't control it currently.

When you go on Wikipedia, it states that No Limit filed for bankrupcy and lost the catalogue. Well the source that they cite is
"Encyclopedia of Rap and Hip-hop Culture" released in 20006.

It's not available to fully view for free currently, but from searches you see that it actually documents No Limit and Master P's legal troubles.

Link to the above in the book

Link to the above

So if you want more of a detailed look into the lawsuits, there you go. Cheapest copy is like $5.

You never addressed the point or question I asked which was, Why P or any CEO have to pay back CDs that didn't sell, when the ppl who signed a contract are getting a kick back off each sale??

IF it was written in the contract that P was supposed to eat that cost, then that's foul on P, but if that's not the case and now these executives want to charge P to clean up the mess, then that's foul on their end...How is that overthinking simple logic??

If what you're saying is true, P was this bad person and did bad things, In an Industry like music, white executives talk to white executives, Why did Universal give him a new deal??

You don't get how the music industry worked. Labels and artists were charged back for any unsold physical copies that got returned by stores.

If you ship 500k and only sell 100k, that's 400k that somebody has to pay for. Even at $1 per CD, that becomes a $400k debt. That adds up quick when you do that with 25+ albums in a year.

If P did dirty business and Priority was cleaned on their end, they not one time try to screw P over, why was Universal so eager to sign P

You follow up on a person track record before you hire them, let alone, give them money.

If you owe a company X,Y Z

I am not going to hire you, nor give you a big sum of money, until you settle your debts with company A

Happens all the time in negotiations. People get sold dreams and caught up in the gift of gab. Those White execs may have felt NL was due for a great comeback with their major label push. Plus, Universal's main goal was markershare and not profit. That's exactly why they signed Cash Money & Suave House to similar deals. You can read about it in The Big Payback: The History of Hip-Hop Business by Dan Charnas.

Labels also may allow the tab to run up because they know that they will own the debtor's catalogue due after they default on payment (which actually happened with NL).

Plus, Universal was able to afford more of a loss than the tiny Priority, which was owned by EMI but independently managed. It's another reason why No Limit and Cash Money's deals won't be repeated.

But Ricky even says that he told them to do it.

What happens if Ricky doesn't get hurt??

How much Ricky makes if he doesn't get hurt and reach those goals?

They literally explain how much he would have made in the article I posted. You have to save the client from themselves, especially when it's a reflection of you and your company. It was a case study in everything NOT to do in business.

The problem was the incentives were based on stats that had either never happened or had only happened with Terrell Davis. That and the actual contract was written poorly and full of mistakes.

 

[NO-BadAzz]

@Marlo Barksdale

You don't hit 56.6 million and your company be worth 400 million in one year with having to pay back CDs not sold.

You made mentioned that P didn't see all those records in 98 and 97 that he stated that he sold, if we follow with what you're saying, then there's no way P makes the Forbes list.

There's no way No Limit is even making money

You stated that he did not sell that many records, then that would mean, NL wouldn't be making any money, if they was to buy back those CDs

If P put out an album, just 1 and shipped 500k, only sold 100k, there's 400k left 400k x 13.99 = 5.6 million give or take of what he is owed? And this is for one album, He made 100k x 10.00 that's only 1x dollars he's made off that album, Priority has made 300k minus the 250k (advance) 50k plus they are getting the 5.6 kick back from the 400k albums that weren't sold.


5.6 x 14 (the number of times P sells came up short out of the 23 albums) would equal 78 million, P is not seeing a profit and if he is seeing one, he's not seeing one bigger enough to make Forbes in 98

This doesn't make logic sense in any business venture. I'm using your logic and the information in your post.

If that was the case of what you're saying, How were the artist getting rich from off their first album run? From how you've explained P's contract with Priority and how P & the artist have to eat the cost of the albums not sold, Why continue to release that many albums if you're not making money??

 

[NO-BadAzz]

Lawsuits and litigation are the hidden costs that most people never take into account. And when you file bankrupcy, that means you owe and either don't want to or can't pay. Either way, it means some ish went down that was not ruled in your favor. And all of the current signs of the catalogue make it clear that P doesn't control it currently.

When you go on Wikipedia, it states that No Limit filed for bankrupcy and lost the catalogue. Well the source that they cite is
"Encyclopedia of Rap and Hip-hop Culture" released in 20006.

It's not available to fully view for free currently, but from searches you see that it actually documents No Limit and Master P's legal troubles.

Link to the above in the book

Link to the above

So if you want more of a detailed look into the lawsuits, there you go. Cheapest copy is like $5.




You don't get how the music industry worked. Labels and artists were charged back for any unsold physical copies that got returned by stores.

If you ship 500k and only sell 100k, that's 400k that somebody has to pay for. Even at $1 per CD, that becomes a $400k debt. That adds up quick when you do that with 25+ albums in a year.



Happens all the time in negotiations. People get sold dreams and caught up in the gift of gab. Those White execs may have felt NL was due for a great comeback with their major label push. Plus, Universal's main goal was markershare and not profit. That's exactly why they signed Cash Money & Suave House to similar deals. You can read about it in The Big Payback: The History of Hip-Hop Business by Dan Charnas.

Labels also may allow the tab to run up because they know that they will own the debtor's catalogue due after they default on payment (which actually happened with NL).

Plus, Universal was able to afford more of a loss than the tiny Priority, which was owned by EMI but independently managed. It's another reason why No Limit and Cash Money's deals won't be repeated.






They literally explain how much he would have made in the article I posted. You have to save the client from themselves, especially when it's a reflection of you and your company. It was a case study in everything NOT to do in business.

The problem was the incentives were based on stats that had either never happened or had only happened with Terrell Davis. That and the actual contract was written poorly and full of mistakes.

People get sold a dream is what your reasoning to why Universal gave P a big contract after knowing he owes millions and millions of dollars to Priority?

Would you give someone a big check knowing they owe millions and millions of dollars to a previous employer. Knowing lawsuits are pending against this person, Would YOU give someone a big check


There's a lot of holes in your assumption, I haven't read one document, but simple logic is not making what you're saying make sense to me.


With Ricky, if those stats never happened, and Ricky Williams knew of this, why would HE even signed such and thing? Why would he go through with it.

If someone presented you with a contract that you know that you couldn't get done, would you sign off on it?

 

[Pimp]

Lawsuits and litigation are the hidden costs that most people never take into account. And when you file bankrupcy, that means you owe and either don't want to or can't pay. Either way, it means some ish went down that was not ruled in your favor. And all of the current signs of the catalogue make it clear that P doesn't control it currently.

When you go on Wikipedia, it states that No Limit filed for bankrupcy and lost the catalogue. Well the source that they cite is
"Encyclopedia of Rap and Hip-hop Culture" released in 20006.

It's not available to fully view for free currently, but from searches you see that it actually documents No Limit and Master P's legal troubles.

Link to the above in the book

Link to the above

So if you want more of a detailed look into the lawsuits, there you go. Cheapest copy is like $5.




You don't get how the music industry worked. Labels and artists were charged back for any unsold physical copies that got returned by stores.

If you ship 500k and only sell 100k, that's 400k that somebody has to pay for. Even at $1 per CD, that becomes a $400k debt. That adds up quick when you do that with 25+ albums in a year.



Happens all the time in negotiations. People get sold dreams and caught up in the gift of gab. Those White execs may have felt NL was due for a great comeback with their major label push. Plus, Universal's main goal was markershare and not profit. That's exactly why they signed Cash Money & Suave House to similar deals. You can read about it in The Big Payback: The History of Hip-Hop Business by Dan Charnas.

Labels also may allow the tab to run up because they know that they will own the debtor's catalogue due after they default on payment (which actually happened with NL).

Plus, Universal was able to afford more of a loss than the tiny Priority, which was owned by EMI but independently managed. It's another reason why No Limit and Cash Money's deals won't be repeated.






They literally explain how much he would have made in the article I posted. You have to save the client from themselves, especially when it's a reflection of you and your company. It was a case study in everything NOT to do in business.

The problem was the incentives were based on stats that had either never happened or had only happened with Terrell Davis. That and the actual contract was written poorly and full of mistakes.

That lawsuit was known a long time ago because he recorded someone conversation and put it on a album.. They were rewarded too much money for a fukking skit..

 

[OHSNAP!]

Why isn't this available on the BET app

First episode is on youtube on BET channel

 

[OHSNAP!]

Dope breakdown explaining just how crazy that Ricky Williams contract was. P lost his mind in 1998. He was moving like Tony right after he killed Sosa


Here's an article from them with the a detailed but easy to understand breakdown of the contract with graphs and charts.
Ricky Williams’s Awful NFL Contract Never Gave Him A Chance


No Limit Sports was the cautionary tale for Roc Nation Sports & YM Sports.

Ricky made $14 mil off his rookie contract. Fellow RB classmate Edgerrin James made $49 mil off his

Da poverty...itz real

 

[StoneColdSteveAustin]

Why didnt BBTP produce any Songs after their Split with NL?

 

[Homeboy Runny-Ray]

download??

yall better support this chit when they air it on TV, or press it up On Demand if they uploaded it.

this is why we rarely get specials like this. and when we do, its the same ole 2pac & biggie regurgitated chit.

why did this clown @surf neg me for this?? had the nerve to talk chit in the comments too.

i wasnt coming at your neck. this i just real talk for our benefit as rap fans.

i'll tell you mane, alot of dudes on here werent raised right. cut from a different cloth. str8 geeks. you on the wrong board homie. if this was 30 years ago, most of these nerds would NOT be listening to hip-hop. they would be off listening to house music or techno or some chit catching the HIVS on the weekend.

F*CK OUTTA HERE.

 

[OHSNAP!]

Why didnt BBTP produce any Songs after their Split with NL?

P tried to blackball them hardbody

KL did some shyt for Luda, TI, Fiend, BG, Juve and some more tho. Almost nothing from Craig B n Mo B n O'Dell

 

[Pimp]

P tried to blackball them hardbody

KL did some shyt for Luda, TI, Fiend, BG, Juve and some more tho. Almost nothing from Craig B n Mo B n O'Dell

P didn't blackball them they just didn't understand business and their sound got old after 700 songs in 2 years.

 

[Marlo Barksdale]

Mystikal and others aren't happy with how P said on Episode 4 that he could have gotten any other producers and NL would have been just as successful. That and said they all should just have been grateful for the opportunity he gave them. Click to read the caption that he shared.

You made mentioned that P didn't see all those records in 98 and 97 that he stated that he sold, if we follow with what you're saying, then there's no way P makes the Forbes list.
.




This doesn't make logic sense in any business venture. I'm using your logic and the information in your post.

If that was the case of what you're saying, How were the artist getting rich from off their first album run? From how you've explained P's contract with Priority and how P & the artist have to eat the cost of the albums not sold, Why continue to release that many albums if you're not making money??

You really using Forbes? Forbes list isn't accurate. It's 100% speculation and hype. Why do you think you never see any of the execs like Bryan Turner (founder of Priority Records) on the list? It's the same way all these "celebrity net worth" sites are all bogus.

We keep explaining it. No Limit was basically a Ponzi scheme because they secured big advances from Priority for each album and got stores to order more copies than they could actually sell. Eventually, Priority realized that NL wasn't going to recoup and they hit NL with the bill for that and other expenses to the tune of more than $47 mil.

Yes, NL made and profited lots of money on many albums. But they also took in big advances and didn't have enough heavyweight sales to make up for it. P just wanted the instant money and could care less about anything long-term. That's how many hustler think and it's the reason they're often their own worst enemy.

People get sold a dream is what your reasoning to why Universal gave P a big contract after knowing he owes millions and millions of dollars to Priority?

Would you give someone a big check knowing they owe millions and millions of dollars to a previous employer. Knowing lawsuits are pending against this person, Would YOU give someone a big check


There's a lot of holes in your assumption, I haven't read one document, but simple logic is not making what you're saying make sense to me.


With Ricky, if those stats never happened, and Ricky Williams knew of this, why would HE even signed such and thing? Why would he go through with it.

If someone presented you with a contract that you know that you couldn't get done, would you sign off on it?

The bolded part is the exact reason for your disconnect in this whole discussion. You're failing to read and watch the sources that we are providing you. Instead, y'all would rather cling to your opinion that P was blameless and didn't make mistakes.

NY Daily News - We are currently unavailable in your region
EMI bought a 50% stake in Priority in 1996, and the remainder in 1998. Despite EMI's full ownership, Priority continued to be independently managed company until 2001, when its operations were merged into EMI's major US subsidiary, Capitol Records. They merged because Priority was losing money despite having chart topping albums. (likely because of doing stuff like they did with NL).

Well, Capitol likely checked their books and realized that they actually overpaid NL and they weren't as forgiving as Priority was.

Master P signed with Universal (Capitol/EMI's biggest competitor) in 2001 by creating a brand new company (New No Limit). Seems he did this to distance himself from the debt and lawsuits with the original NL. I doubt P told them how much money he was in debt. P then allegedly did the same thing by getting a huge advance from Universal and then skipped out on them when it came time to release and promote albums. He then filed bankruptcy in 2003 to not have to pay his creditors and lost the catalogue.

Now, I can't say that's 100% how it went because I wasn't there. But from the facts that we do know, I'd say that was close to how things went and why Priority & BBTP own it. Follow the present day results and trace your way back.

And If you read the information I've previoisly posted, you'd see that your questions are exactly why that's considered the dumbest contract in sports history.

Why didnt BBTP produce any Songs after their Split with NL?

KLC produced "Move B*tch" for Ludacris. But they were stuck in litigation for 10 years and many artists and labels were cautious of working with them, not knowing if they were still under contract to No Limit.

And when P was blackballed by major labels, pretty much everybody associated with NL was effectively blackballed too. Same thing happened with Death Row.

 

[JustCKing]

Beats by the Pound was no longer Beats by the Pound after they left No Limit. They were the Medicine Men. Mo B. changed his name to Ruh. I don't know what happened to Craig B, but O'Dell was producing for a rapper on The Coli.

KLC was still puttin' in work though:

 

[Alvin]

Dope breakdown explaining just how crazy that Ricky Williams contract was. P lost his mind in 1998. He was moving like Tony right after he killed Sosa


Here's an article from them with the a detailed but easy to understand breakdown of the contract with graphs and charts.
Ricky Williams’s Awful NFL Contract Never Gave Him A Chance


No Limit Sports was the cautionary tale for Roc Nation Sports & YM Sports.

Ricky made $14 mil off his rookie contract. Fellow RB classmate Edgerrin James made $49 mil off his

P wasn't the agent, and Ricky was the one who wanted to do this, how can you blame P or No Limit Sports Agency if the player wanted to create these stipulations