Def Jam is planning to drop Jay Z, who will take up a a new contract at Columbia, the New York Daily News reports. The switch stems from Def Jam’s frustration with Hov’s ‘outrageous demands.’

A source tells New York Daily News: “People have lost count of how many times he’s come out of retirement. “Everybody knows he’s not around the office much. Everybody at Universal loves him, but they can’t justify paying him the money he wants when so many people have been laid off.”