Dwyane Wade, Ex-Wife Reach Financial Settlement

Siohvaughn Funches-Wade claimed NBA star violated terms of divorce agreement

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    NEWSLETTERS

    Siohvaughn Funches-Wade waits outside a Cook County courtroom on Monday.

    The lawyer for NBA star Dwyane Wade says the ball player has reached a financial settlement in a legal disagreement over the terms of their separation.

    Siohvaughn Funches-Wade withdrew a $2 million lawsuit last Tuesday claiming her ex-husband had violated the terms of a 2008 agreement that requires his endorsement deals be fully deposited into a joint account they both control.

    But on Friday, Funches-Wade sat outside the Daley Center with a sign reading "NBA Miami Heat star, mother of his children on the streets."

    Wade's lawyer, Jim Pritikin, did not reveal the details of the settlement, but maintained that the NBA player had always kept up with his alimony payments to the tune of $25,000 a month, plus extra expenses such as her home mortgage, four cars and attorney fees.

    Wade has full custody of the children and according to Pritikin, Funches-Wade's visitation will be determined by the court due to her "current unstable mental state."

    Last year, Funches-Wade was arrested on misdemeanor charges of attempted child abduction, unlawful visitation interference and obstruction of a peace officer after an incident related to visitation. The Cook County State's Attorney's Office said that all the charges except obstruction of a peace officer have been dismissed. The office said Funches-Wade is scheduled to appear in court on that charge in September.