Let EbenGregory tell it, unless the contract says 'as is' everything is up for negation. In the latest episode of THE JEWELRY REPORT, EbenGregory reveals whether or not LA Reid is going to pay Jay Z the big bucks he's looking for when his Def Jam contract expires at the end of the year.

Click here to Watch EbenGregory - Jay Z Def Jam Contract Not Being Renewed?