Young Thug's label situation has been a confusing one to say the least. The rapper has hinted at signing with Future's Freebandz imprint, as well as more recently Cash Money, and then there's the question of whether there was any paperwork involved in his affiliation with Gucci Mane's 1017 Brick Squad.
A new investigation into Thug's label status, courtesy of Buzzfeed, indicates that Thugger's relationship with Gucci was in fact written in ink. The rapper allegedly signed a "binding production deal" with GuWop, and his 1017 Imprint (through Atlantic) in March of 2013. While the details of the arrangement are still unknown, it seems to be a promotional contract, that would factor into any future signing with a major label.
The thing is, Thug went to a label shortly after Gucci was arrested in September 2013. “Gucci was in jail,” said a source. “I think at that point, [Thug and his team] felt like the Gucci contract was void. Thug is a real street kid — paperwork and legal shit, it don’t register to him like that.”
The rapper ended up signing with Artist Partners Group, another Atlantic imprint, without their knowledge of his deal with 1017, which led to problems with Thug and the label when Gucci produced the paperwork.
It's a very complicated story, but Thugger was apparently only given a $15,000 advance on the deal, and sources estimate that the entire agreement is likely no more than $50,000.
After the mix-up with Gucci, it appears that Thug has cut all communications with the label, and they're currently spending no money on his promotion.
As far as his connection with Cash Money, Metro Boomin has confirmed that Birdman has been serving as a manager for the Atlanta rapper.
More details can be found in the in-depth article over at Buzzfeed.