I happened to catch this Drake interview with VIBE magazine and the answer to this particular question certainly surprised me coz I (and probably some of you) always thought otherwise.
Why haven’t you signed to a label yet?
The situations take time, you know? To get signed overnight, I’m so glad that didn’t happen to me two years ago ’cause I needed those two years to really build on everything—my talent, my image, my life, everything. I needed two more years of being unsigned and sort of figuring things out to really know what I wanted to do.
I’m not signed to Young Money but definitely Young Money is a family to me. I’m definitely YM affiliated, you know? I have the utmost love for everybody over there, the utmost respect. Mack Maine and Jae Millz, those are like brothers to me, you know? Nicki [Minaj]. Nicki is Nicki. I love her. And now that I’m in this position I’m just trying to get everything all the way straight. In about a week or two it’ll all…it’ll be out there. You know the press release will be out there. It’ll be official.