Allen Iverson Loses $3 million in divorce

via TMZ: TMZ recently revealed that after a year long divorce battle AI has finally paid up. 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.