Allen Iverson & Ex-Wife Reach $3 Million Settlement

NEWS

» by Latifah Muhammad (@TheLatifah) January 21, 2013, 13:16pm

It's been a long time coming for Allen Iverson, but he and his ex-wife have finally reached a settlement.

The one-time high-school sweethearts, have been involved in a drama-filled divorce battle for a while now, but $3 million was enough to settle the disagreement.

 TMZ reports that Iverson's ex, Tawanna, told the judge last week that an agreement had been reached. The money she is to receive will be paid out in a lump sum.

In addition to the money, the Virginia native agreed to give her a percentage of earnings from his Reebok endorsement, plus various other assets, on top of child support for the former couple's five children.

The couple wed back in 2001, with Tawanna filing for divorce in March of 2010, 17 months after they welcomed their last child. Making matters worse, she demanded to have the names of all the women he allegedly cheated with.

A.I. was allowed to keep his Georgia mansion, but given his financial issues, that's not a big win. The home was foreclosed on for nonpayment, and went up for auction, last month. He purchased the home for $4.5 million in 2001. The sale of the house came over a year after his $3.8 million Denver home met a similar fate.

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Photo: Philly.com

 

 

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