The rumor mill has been buzzing quietly for awhile about this for awhile, but it looks like L.A. Reid may be getting fired from his position as Chairman and CEO of the Island Def Jam Music Group.

Chairman of the Island Def Jam Music Group, Antonio “L.A.” Reid, chartered a private jet and flew to Belize yesterday to get Shyne’s signature on a multi-million dollar recording contract.

<strong>Clive Davis’ Annual Pre-Grammy Gala</strong> was definitely the hot spot in Los Angeles on Saturday night, as was L.A. Reid’s Post-Grammy dinner on Sunday night.