UPDATE: Jay-Ova

Jay-Z has officially quit as president of Def Jam. I hope he doesn’t have another retirement concert at MSG.

MUSIC: Jay-Ova

Word has been going around that Jay-Z is about to be ousted from his position at Def Jam. (What does he actually do over there?) Anyway… as of now, talks to renew his contract are delayed and he has mad a big hoopla to MTV.com about how “it’s not about money.” It better not be… greedy mafuggas. Check the rest of his quote after the commute.

(trav)