Lil Wayne signs $150 million record deal?

Lil Wayne might have 150 million new reasons to celebrate.

It’s been speculated that the rap star just signed a $150 million, 4-album deal to re-up with Cash Money Records.

While his label boss Bryan “Birdman” Williams wouldn’t confirm the official sum, he did tell MTV Monday that “it’s probably the biggest deal ever in urban music.”

“I’m blessed to even do that,” Birdman said of the rumored astronomical figure he paid to keep Wayne, who signed to Cash Money when he was just a kid. “Whatever my son want, he can get. It’s all his anyway, so it don’t really matter to me.”

Without Wayne, the Young Money/Cash Money empire doesn’t exist, Birdman added of the rapper’s central position.

Wayne himself referenced his long-standing relationship with the label on an episode of MTV’s “Hip Hop POV” a few weeks back.

“Everybody knows I came into the game at 11 years old with Cash Money Records, before we even had a major deal,” he said of his new contractual situation. “We signed a deal in I don’t remember when, and I been with Cash Money ever since. So, if you’re looking for integrity, I am the definition. If you’re looking for a person that’s gonna stay down, I am the definition. If you’re looking for loyalty, I am just that.”

Looks like the new deal comes at just the right time: Birdman recently told XXL magazine that Cash Money is headed to Hollywood.

He’s apparently looking to launch his Cash Money Films project with a movie starring his entire YMCMB squad, including Wayne, Drake, Nicki Minaj, Busta Rhymes and Limp Bizkit. The title of the forthcoming project is appropriately titled, “Rich Gang.”