The Monkees (album) scheduled around the work done by Boyce, Hart, and Keller. Famously, the Monkees were not permitted by their management to function as a working band for this album, with the group's contributions limited almost entirely to vocal tracks. Eight of the original LP's twelve tracks feature one lone Monkee singing lead vocal over instrumentation and backing vocals recorded entirely by a group of session musicians which varies from song to song. Other tracks feature multiple Monkees singing over session players; only on the two tracks produced by Michael Nesmith does a Monkee (Peter Tork) get to play an instrument (guitar).
The Monkees most lucrative venture the three had ever seen in their days as the Monkees, far surpassing the money they had made in the 1960s. Nesmith had little financial need to join in Monkees-related projects, mostly as his mother Bette Nesmith Graham was the inventor of Liquid Paper, leaving Nesmith an inheritance of over $25 million upon her death in 1980. A new album by the touring trio, "Pool It!" (the Monkees' tenth), appeared the following year and was a moderate success. From 1986 to 1989, the Monkees would conduct major concert tours in the United States, Australia, Japan, and Europe.