"I decided to take my talents to EMI," Lloyd Banks told MTV News' Sway,
putting his own twist on LeBron James' controversial free agency signing announcement.
Banks might not move as much ink (as in newspaper headlines) as the NBA superstar, but he was courted almost as heavily by various labels who were looking to scoop the independent artist.
The G-Unit member said his former recording home, Interscope, and Def Jam were among those agressively pursuing the Queens MC.
But in the end, Banks said he bypassed both major labels in order to avoid signing a long-term commitment that would require options to deliverer multiple albums.
"I just came out of a situation with Interscope, and being there for years and knowing what it feels like to go through the shakiness in the system when priorities get shuffled," Banks explained of his decision to avoid a long-term contract. "So, not really excited to jump into a situation where I have a requirement for a few albums."
The news was amplied moments after the announcment when a press release was issued trumpeting both Banks and Tony Yayo as EMI signees.
"We are delighted to join forces with G-Unit and artists who are truly marquee names in hip-hop," Mike Harris, executive Vice President/General Manager for EMI Label Services and Caroline Distribution, said in the statement. "G-Unit is a huge force. Lloyd Banks knows how to deliver a lyrical punch and his single has already generated huge anticipation for the album.. Tony Yayo is a totally unique talent, and 'Pass the Patron' already has the hip hop world buzzing about his album coming out next year."
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