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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
1.

dathan    

Too bad for Iverson, she is not a "fake wife "....!!

603 days ago
2.

KicksandGiggles    

People like these folks who amass mega debt and refuse to pay it are one reason our country's deficit is higher than the disinfectant level in KK's bathtub.

603 days ago
3.

Classylady    

Allen Iverson is sooo handsome. Glad he didn't go with a saggy skin whiteeee. She would have tried to get his whole check. Latinos rock

603 days ago
4.

Lynn M    

I don't know who Iverson is but any guy who has five kids and leaves his wife and kids SHOULD pay through the nose. If he cheated and hid funds, as alleged, then doubly so.

603 days ago
5.

Jay W.     

Well isn't that nice. "A settlement outside of court." Money heals all. Right?

603 days ago
6.

Smoothnate    

you're telling me that he couldnt find a better looking wife? Gawd shes NASTY!

603 days ago
7.

Menace to society     

Ghetto breeds ghetto I hope she has the cash in hand if not u will never see it Ho..As for Ai typical look at the breed of person he is this us a guy who left millions on the table because he demanded to be a starter and not come of the bench.More babies mommas to follow no child support more stories to follow

603 days ago
8.

Lisa    

Damn it's cheaper to keep her

603 days ago
9.

Lucey    

Dang 5 kids and child support. I hope he has some new money coming in.

603 days ago
10.

tylerc85    

That man is really stupid, sell everything you have because eventually you will lose it all due to gambling :-)

603 days ago
11.

tylerc85    

Typical dumb jock move

603 days ago
12.

EarlyCuyler    

Nobody Cares

603 days ago
13.

g00dIes    

she ugly as hell!

603 days ago
14.

g00dIes    

...and he is so sexy!

603 days ago
15.

Rian    

well duh he was cheating .... look at him and then look at her ugly ass....

603 days ago
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