Arrest Warrant Issued For Rapper Lil Flip — Tha Wire [VIDEO]

A Louisiana judge has issued an arrest warrant for Lil Flip.  According to a report from TMZ, the H-Town rapper didn’t show up to a scheduled court hearing and was held in contempt of court.

Flip was originally arrested during the Christmas holidays last year after police in Mansfield, Louisiana pulled him over for speeding.  Authorities then found a Bushmaster AR-15 assault rifle and allegedly marijuana in his vehicle.  However, Flip addressed the situation immediately and denied that he had anything illegal in his possession.  He even went as far as sending  TMZ a copy of his Texas concealed handgun license and claimed that it is valid in Louisiana and 21 other states.

He also told the website, ”I know they don’t mess around in Louisiana, and I wouldn’t do anything to make me go to the big house.”  Listen to Tha Wire below for more details.

In other news, it's full steam ahead for Jay-Z's latest business venture, Roc Nation Sports.  In these past two weeks, Jay's singed two high profile athletes to his new sports agency and this is only the beginning.  However, he's gotta tie up some loose ends if he wants to be a bonafided sports agent.  First on the list is to relinquished his minority stake in the Brooklyn Nets.  In doing so, Hov released the following statement on his Life+Times website:

Being a member of the Nets organization surpassed some of my greatest ambitions. It was never about an investment; it was about the NETS and Brooklyn. My job as an owner is over but as a fan it has just begun. I’m a Brooklyn Net forever. It’s been an honor to work with Mikhail Prokhorov, Dmitry Razumov, Christophe Charlier, ONEXIM Sports and Entertainment, Brett Yormark and all the wonderful people involved in making the Nets first class. My sincerest thanks goes to Bruce Ratner, who first introduced the idea of moving the Nets to Brooklyn. A thank you and deepest appreciation goes to the fans. You are the lifeblood of any team.

The Nets have made their mark on the NBA and as they enter a new era, Roc Nation does as well; as we embark on Roc Nation Sports. Our newest endeavor is committed to building the brands of professional athletes as we have done for some of today’s top music artists. For Roc Nation Sports to function at its full potential, NBA rules stipulate that I relinquish my ownership in the Brooklyn Nets. It was a tough decision but as I stated earlier, it’s not about ownership. Congratulations to The Nets on a great season and making the playoffs! I will always be a Brooklyn Net.

Learn more about Jay-Z's plans for the near future with Tha Wire.  Finally, after only two seasons, K. Michelle says she is done with the drama of Love & Hip Hop Atlanta. Listen to what Michelle has to say about the show and more with Sway In The Morning.

The Tennessee native decided to walk away from the show for her own piece of mind and to save her health.  Michelle confirmed the news with ABC radio saying, "If I know something is unhealthy for me why keep doing it?"

Michelle has had it out with just about every cast member at one point or another anyway, so I’m sure there’s gonna be no love lost.  However, she’s not done with reality TV just yet, the R&B songstress hinted, "I'm not saying that I'm not dealing with other ventures with VH1 and Mona [Scott Young, the show's creator].... You might see me in Love & Hip Hop New York. You never know."  Here's a preview of what you can expect this season!

We shall see.....Get the scoop, skinny, mess and drama on all of today's juicy details.  Press play to hear Tha Wire: