Slightly odd news about Jay-Z's abrupt departure from Def Jam Records today. By now we all know he bought out his contract for a rumored $5 million dollars, but according to RapRadar.com Jay-Z lost a coin toss. Here's what Jay told them exclusively:

Hov: "I can honestly say, working with Doug Morris and LA Reid has been a unique and fulfilling experience and I respect them immensely. I've been in the family for almost my entire career.

Doug and I spoke directly and had one of the most unique "negotiations" ever. Doug won the toss but, we both won in the end..

I thank him for allowing me to be a completely independent artist. Not every artist can say they own or are given the opportunity to own all of their music."

YN: What is this coin toss about?

Hov: That takes a phone conversation, I'll save it for our interview... classic.