 However, each of the members, including Nesmith, accepted the $250,000 royalty checks (equivalent to approximately $ in today's funds).Kirshner's dismissal came in early February 1967, when he violated an agreement between Colgems and the Monkees not to release material directly created by the group together with unrelated Kirshner-produced material.Kirshner violated this agreement when he released "A Little Bit Me, A Little Bit You", composed and written by Neil Diamond, as a single with an early version of "She Hangs Out", a song recorded in New York with Davy Jones' vocals, as the B-side.