Jeff Dixon, co-CEO of DTP, said he and his family hope to make Scrappy into the next Luda meaning hell be successful artistically and business-wise.

"Were just excited to sign him because hes been in the game for a long time and he never got the shot he needed to get," Dixon said. "He has exciting music. He brings another dynamic to our label. Were adding another dimension."

Dixon told us Scrappys next album, on which Ludacris will serve as a co-executive producer, should be out sometime in September. This summer, Scrappy could be featured on a probable DTP tour. Until then, Scrap will be dropping mixtapes, appearing on albums from Luda and DTP label mate Willy Northpole and shooting a film.

On Sunday night, Ludacris and T.I. were special guests at Young Jeezys show. Shortly after being introduced to the crowd, Cris brought out Scrappy and revealed to the crowd that his newest signees deal had been inked a week before. Scrappy performed his own mini-set as well.

The last time Scrappy dropped an album was in late 2007, when he released his Bred 2 Die Born 2 Live under Lil Jons imprint. That project was originally announced as a joint venture between Jon and 50 Cents G-Unit but was delayed a few times and never really took off despite a club hit, "Money in the Bank." Scrappy was introduced to the world in 2004 with the King of Crunk & the BME Recordings Present Lil Scrappy. That project was shared with Jons other group at the time, Trillville.