Rod Wave’s “Last Lap” tour is making headlines for all the wrong reasons. The Florida rapper is facing a massive lawsuit from concert powerhouse Grizzly Touring, who claims he walked away from key obligations and left them holding the bag for tens of millions of dollars.
According to court documents obtained by TMZ Hip Hop, Grizzly Touring says Rod Wave and his company, Hit House Entertainment, owe roughly $27 million in unearned advances after allegedly refusing to honor exclusivity terms for his live performances.
The lawsuit alleges that Grizzly agreed to pay the “Rags to Riches” star a staggering $40,250,000 for 35 shows. As part of the deal, Rod Wave was advanced $20,125,000 upfront to cover production costs, travel, and other expenses. The company claims they later sent even more money to cover additional costs, bringing the total advances to over $57 million.
But here’s the catch: Grizzly says Rod Wave only delivered 26 shows, which generated about $29.9 million against the guarantee. Because of that shortfall, the company insists Rod Wave and Hit House must return the outstanding $27 million from the advances that went unearned.
To make matters worse, Grizzly accuses Rod Wave of splurging the money on private jets and even a lavish second home, instead of returning the funds.
Neither Rod Wave nor Hit House Entertainment has publicly responded to the lawsuit, but if Grizzly’s claims hold up in court, the rapper could be facing one of the biggest financial hits of his career.
