According to TMZ.com, aside from offering the Brooklyn bred rapper a year in jail, the deal also required Busta to attend an alcohol treatment program and pay a $1500 fine.
The assault charges stem from two different incidents. In August, the rapper allegedly beat up a fan who purportedly spit on his car. He is also accused of assaulting his former driver, Eddie Hatchett, during a dispute over back pay.
In February, Manhattan Judge Tanya Kennedy offered him a plea deal that would have kept him out of jail if he plead guilty to both assault charges. She would withdraw her offer three days later after Busta was arrested for driving with a suspended license.
He is due back in court on July 10th.