From MTV.com:

Well, the wait is over: After weeks of speculation, Drake has chosen to go with the home team and sign with Lil Wayne’s Young Money Records, according to a source close to the situation. The deal breaks down as a joint venture between Young Money and Cash Money, with Universal Republic distributing. Drake’s management was adamant that he should be viewed as an independent artist, although Universal will distribute the project.

Did we not see this coming? Why all the hype and suspense?

All I gotta say is, his album better be on some College Dropout Blueprint 14 type ish. And I just hope he moves units.

Smh.