I Want 10 Million to Not Play Basketball
Obviously T-Hud took my advice and accepted the buyout from the Timberwolves. He'll probably end up as a Celtic since they'll be needing a backup point guard and he a Garnett are good friends. I bet Danny Ainge won't offer Hudson 30 million dollars. I bet the Celtics get him for 1-2 million per season and I'm sure that will be fine considering he already has about 10 million bones in his back pocket and will be joining a newly made elite eastern division team.
He should not, however, take the second part of my advice. It seems that hip hop aficionados are not exactly feeling Undrafted. Even if Hudson can make a dollar off of each CD sold, which would be a deal only the Kevin McHale of the recording industry would make, he would still only pull in about 78 bucks a week. I guess that Carbondale won't become the new rap capitol of the world anytime soon. Below is an Excerpt from his Myspace page-
An avid music writer, Troy also has written over two thousand original songs in his music career. In 2004, Troy formed NuttyBoyz Entertainment Group, which has evolved into Troy E. Hudson Enterprises, with Troy at the helm as Chief Executive Officer. Featuring a full range of music labels and production capabilities, Hudson Records and NuttyBoyz Records began actively recording and publishing music in 2005 at his newly built Hudson Studios, a private set of state-of-the-art music studios located in North Minneapolis.It also says that he is "an outstanding guard known for his quickness, Solid defense and accurate shooting" - that is not the back-up's back-up that I know. On the plus side you could win a $50,000 chain through the myspace page. Seeing as the album was suck a big seller in its first week I'm guessing you odds are way better trying to win the chain than they are with a scratch off worth the same.
Man is he lucky that he got this whole not playing basketball career to fall back on.
3 comments:
The album is good and i think he get $7 a cd
So to equal what he made in his buyout(6.3 million), he'd have to sell 900,000 Copies. He's almost there, watch out.
"Under the traditional recording agreement, recording artist royalties usually range from 10% to 25% of the suggested retail price for top-line albums (although many record companies have begun to compute royalties on the wholesale price). However, there are many deductions made for items such as packaging costs; free goods; responsibility for the payment of producer royalties; reserve accounts; return privileges; midline, budget-line, record-club, and foreign royalty reductions; 90% sale provisions; new-technology rate reductions (which may even affect CD royalties); cut-out and surplus-copy provisions; video, tour support, and promotion expenses; recording costs; advances for not only the current album, but past albums as well; ownership of websites; and merchandising rights."
http://www.ascap.com/musicbiz/
money-recording.html
Post a Comment