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The Jay Z getting dropped from Def Jam rumors are heating up again...Today in the New York Daily News they said contract negotionations are breaking down between Jay and Island/Def Jam CEO L.A. Reid and his boss, Doug Morris because, "He [Jay] wanted big, big money that was way out of sync with the realities of today's record business. People have lost count of how many times he's come out of retirement," the source says. "Everybody knows he's not around the office much. Everybody at Universal loves him, but they can't justify paying him the money he wants when so many people have been laid off." His contract is said to expire at the end of this month. Friends of the rapper, who last night was celebrating his 38th birthday in Paris, scoffed at claims that Reid and Morris had thrown in the towel.
