Nas actually explained this in an interview with Allhiphop.com when a lot of this was happening in real time
Irv Gotti was the only one to publicly support Nas while he was battling Jay-Z and Roc-A-Fella. Remember Nas REALLY felt some sort of way when Hot 97 wouldn’t let him lynch that Jay-Z robot at Summer Jam and after he went crazy on them during the infamous Power 105 interview, the station soft blackballed him. Irv came along at this point and was saying he had Nas back and Ja Rule was saying the same thing. Basically Irv came along at a point where Nas felt he needed allies and Irv said at this point that Ja was too big for the streets but street nikkas worshipped Nas so signing Nas would be a way for Murda Inc to keep their street credibility
After Nas saw that Irv was a fukking clown he cooled on the association and decided not to sign with them and re-up with Columbia.
I wish Allhiphop would have kept they’re archive of interviews, they had some GREAT interviews with Nas, Jay-Z, Beanie Sigel, The Bravehearts ( the infamous “Soul Clap” interview) 50 Cent, Cam’ron, etc around 01-03 that shed some real insight onto the time period.
Also Nas references the situation on wax here
man. I know it came from his mouth but nas will say things to sugar coat shyt. I’m sure he always knew irv was a weirdo try hard, I cant think he ever thought this was a good move straight from a rico…. like I wanna believe he just gassed irv but never took the signing thing serious similar to how he make people think he gonna do albums with them or do a feature and irv took it and ran and nas ain’t want to hurt his feelings. I also wondered if this was going to start the death row east thing with lakey and help him out but then realized this whole shyt sound like some shyt the feds would Have the binoculars. who knows but irv been seen as a try hard even back then for me to believe this shyt was actually given any serious thought.