Dwyane Wade and his ex-wife ended six years of divorce litigation with a $5 million settlement on Monday.
Wade, who married Siohvaughn Funches-Wade in 2002 and separated from the mother of his two children in 2007, will retain custody of sons Zion and Zaire. He will not be required to make the $25,000 monthly spousal support payments ordered in 2010 but does give up the couple's mansion in South Holland, Ill., the Chicago Sun-Times reported.
"Dwyane Wade has made several requests over the years to settle this matter, despite Ms. Funches having 16 different attorneys and 2 arrests throughout this process," James Prtikin, Wade's attorney, said. "Mr. Wade has provided a very generous settlement to Ms. Funches to continue to live a wonderful lifestyle for the rest of her life. Despite false allegations by Ms. Funches claiming to be ‘homeless' and ‘destitute,' Dwyane Wade has maintained over the years financial support to his ex-wife by providing her with income over $25,000 on a monthly basis, timely paid for her home mortgage, maintenance and security at the house, four cars, insurance, taxes and all of her attorney fees throughout this process."