The self proclaimed of King of New Jersey, Joe Budden, a part of Eminem's Shady Records?

That juicy rumor has been circulating the internet the past few weeks placing Budden on the same record label that rappers such as Obie Trice, D12 and Cashis call home.

Budden revealed to Sixshot.com today (January 15) that the rumor of him signing to Shady Records is just that.

“Yeah, that’s a rumor” Budden told Sixshot.com.

When asked whether anyone from Shady had tried to contact him, Budden replied:  “I’m not going to say that, but far as me being in heavy talks with them....no.  As far as us being close to closing a deal....no”.

Budden severed ties with Def Jam Records last year after the constant delay of his sophomore album, The Growth.

Budden will be releasing an album version of his mixtape Mood Music 3 with No DJ titled Mood Muzik 3.5 on February 28th via Amalgam Digital.  The disc will also include the video for his single “Star Inside of Me”.

Make sure to check in Friday (January 18) for an in-depth interview < STRONG>Sixshot held with Budden where he speaks on the infamous Jay-Z diss record (Talk 2 Em ), his label deal status and his future projects.