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Allen Iverson

Coughs Up $3 MILLION

in Nasty Divorce Battle

1/20/2013 9:05 AM PST BY TMZ STAFF
EXCLUSIVE

0120-tawanna-iverson-allen-ap-2
Former NBA star Allen Iverson finally struck a deal in his bitter divorce battle with his estranged wife and all it took was a cool $3 MILLION to bury the hatchet, TMZ has learned.

We're told Iverson and Tawanna -- who married way back in 2001 -- informed a judge last week they had reached a financial settlement outside of court in their ongoing divorce case ... just days before the two were set to go to trial.

Sources connected with the couple tell TMZ ... as part of the deal, the NBA legend agreed to pay Tawanna $3 million, paid out as a large lump sum. We're told Iverson also agreed to fork over various assets and a percentage of his future Reebok endorsement deal checks. He'll pay up child support payments for the duo's five kids.

On the bright side for Iverson, we're told he scored the couple's GA mansion (which is currently facing foreclosure ... so not so bright) and gets to keep his primo ride, a Maybach, as well as other personal belongings. 

The settlement comes after a brutal year-long fight between the former lovers ... which included allegations of infidelity, hiding money, and petitions for restraining orders.

For more sports stories, check out tmzsports.com!
78 COMMENTS

No Avatar
16.

Warijuana    

I didn't know Iverson's wife had down syndrome

587 days ago
17.

Sourtave    

This is a old pic of her she is pretty Just look at the pics on google

587 days ago
18.

Starwatcher2012    

I agree she us not ugly. That's just a funny angled pic. He should have paid more than that for her having five kids for his trifling behind. His kids will read about how he treated their mother one day.

587 days ago
19.

brainscan    

The girl in that pic looks genuinely happy.... for now....

587 days ago
20.

tylerc85    

Warijuana ur didn't make any sense either dumb ass

587 days ago
21.

tylerc85    

Go bang ur mother prick

587 days ago
22.

Santasunsetwoodica    

Allen who?

587 days ago
23.

Santasunsetwoodica    

Allen who? Only NBA ringholders are remembered for true skills!

587 days ago
24.

Serialkilla213    

She doesn't deserve 3 million, she didn't get drafted and is playing in the NBA I'm tired of divorces where the wife gets a big lifeline check when she didn't even work for it

586 days ago
25.

tylerc85    

I noticed that you all who comments are always negative it made me laugh because its theatre!

586 days ago
26.

tylerc85    

Be meanest ever make you go even low! Comment it low life's

586 days ago
27.

justis    

They have been together since high school So she has seen the good and bad with him I know his cousin and I know his situation And he has some life issues that need to be worked out So this has been about a 20 year relationship And sometimes it just time to part ways

570 days ago
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