The rumor-mill has been buzzing over the past month or so about upstart Chicago artist Chance The Rapper possibility signing to Top Dawg Ent. Since it didn’t happen, it was figured to just be that, a rumor. But that wasn’t the case as Chance says he turned down an offer to sign to TDE.

During a recent interview on MTV’s RapFix Live, Chance The Rapper explains turning down the opportunity to join forces with West Coast indie powerhouse, TDE.

Chance states:

They [TDE] didn’t almost sign me. They wanted to sign me.

Then, when asked if he turned down the offer from TDE, he said:

Yeah, [but] don’t say it like that, though. I turned down being signed.

Turning down the deal all makes sense when you go back to Chance’s interview on BET’s 106 & Park just a couple days ago as he addressed the importance of staying independent and doing everything as part of his own business:

I think it’s mad important for the American Dream to exist and work, and for people to believe in a homegrown and grassroots business. I’m on tour now. I’ve only signed mixtapes, never signed to a label. Everything that I do is a part of my own business, and I think that in doing so, as an independent artist, it kind of gives some stake back in the music industry.

Watch Chance’s RapFix interview below as he also speaks on still being good friends with the members of TDE, working with Ab-Soul, and also talks about his biggest accomplish so far in his career is getting to work with Lil Wayne.

You can also check out the footage of Chance The Rapper’s appearance on BET’s 106 & Park: