Jay-Z Forced To Drop Appearance Fee

Jay-Z has been forced to reduce his appearance fee, due to recent economic problems.

The rapper usually demands a hefty £25,000 (around $43,000) price tag for his time, but now the London Paper claims his new fee now stands at £7,500 (about $13,000), due to lack of interest.

Jay-Z was hoping to fly to the UK to promote the New Jersey Nets VS Miami Heat game in London at the O2 Arena this weekend (Sunday October 12).

However, it's reported that no one was willing to pay the reduced figure.