According to Their source inside the Def Jam offices tells us that Mr. Reid, who was responsible for signing Mariah Carey, Pink, Justin Bieber, Avril Lavigne, Toni Braxton, TLC, Usher, Ciara, and OutKast, copped his walking papers yesterday afternoon. We’re told the Board of Execs gave him the boot.

Of course, the Def Jam folks are planning to keep the announcement very P.C. They will likely put out a statement saying things were cordial and/or mutual. But that’s def not the case, according to our source. Def Jam indeed did not renew his contract. We’re not privy to the details on the reasons behind the split. But we do know lots of politricks were involved.

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