Island Def Jam expects to sign imprisoned rapper Jamal "Shyne" Barrow to a $3 million record contract this week, a source familiar with the negotiations said.

Shyne, now serving a 10-year term for his role in a New York nightclub shooting involving Sean "P. Diddy" Combs, was expected to finalize the deal by the end of this week, according to the source, who spoke on condition of anonymity.

Shyne would be the first artist acquired by Island Def Jam Music Group since Antonio "L.A." Reid took over as chairman in February.

The label plans to produce the album with material Shyne recorded before he began serving his sentence, the source said.

Shyne, whose deep voice has drawn comparisons to late Notorious B.I.G., is not slated to be released from the state prison in Dannemora, N.Y., before 2009.