Brockhampton, the dynamic and outgoing new age boy band hip hop group announced on Friday, March 30, that they signed with RCA Records, and it’s now being reported that their contract is worth more than $15 million.

Kevin Abstract, the group’s leader, made official announcements on social media March 30. According to Billboard “multiple industry sources have confirmed that the deal racks up to $15 million for six albums over the course of three years.” Regardless of the group having 15 members, growing from 6 since their formation, that is a great deal of money for each member. Brockhampton has said they plan to drop a new album this summer.

Watch their official announcement, featuring Jaden Smith, on Youtube.

Also On Magic 95.5 FM: