UPDATE: Despite Reports, Drake Did Not Cut Ties With Management Hip Hop Since 1978

Hip-hop superstar Drake reportedly has fired his management team Hip Hop Since 1978, which also manages the careers of such high-profiled artists as Kanye West, Young Jeezy and Nicki Minaj. Not only that, he gave pink slips to his agents at International Creative Management.

According to the NY Post, Drizzy is starting over with a new team of managers including William Morris Endeavor (WME) agent Brent Smith, who reps veteran rhyme-slinger Snoop Dogg.

No word on why the Canadian superstar decided to clean house of his former managers. A source told the newspaper that Drake felt there were "too many hands in his pockets" and that there was conflict with his management team in Canada and Hip Hop Since 1978. “His team from Canada is trying to wrestle back control," the source said. “He may go back to them to streamline things.”

This news comes as Drake managed to snagged three nominations for the upcoming Grammy Awards in February. The 'Headlines' rapper garnered a nod for Best Rap Performance ('Moment 4 Life') and two mentions in the Best Rap Sung Collaboration category ('I'm On One' and 'What's My Name').

We hope that Drake gets his management situation cleared up because his career is certainly on the rise.

UPDATE: Contrary to reports, Drake has not fired his management team Hip Hop Since 1978. He is however, no longer with ICM (International Creative Management). A statement from WME:

WME now represents Drake in all areas worldwide. Contrary to previous reports, there has been no change with Drake’s management team, and he continues to be managed by Gee Roberson, Al Branch, Kyambo Joshua and Bryant Cortez of Hip Hop Since 1978.