Ross, 38, announced the album over a year ago, but Mastermind has had false-start release dates since. The album was set for a December 2013 drop last October, but was since pushed back to this March.
Ross has previously stated that the feel of the album "most definitely" is "soulful". Mastermind will release on Ross's own record label, Maybach Music Group, a venture he started in 2009. The album was co-executive produced by Diddy, and features appearances from Kanye West, Jay Z, and Lil Wayne.
Rick Ross performed "The Devil is a Lie" on The Tonight Show Monday to promote Mastermind's upcoming release.
Mastermind will be available for download on March 3rd, and will come in both "Deluxe" and "Super Deluxe" versions.