The announcement comes five years after Jordan split from his wife of 17 years, Juanita. The $168 million divorce settlement was one of the most expensive in history, which might explain why His Airness has been dragging his feet with Prieto.
MJ and Prieto have managed to keep a relatively low profile, despite the fact that he is one of the most recognizable athletes in the world.
Let's take a few minutes to get to know the woman who is marrying Air Jordan, the man who never suffers from unsightly bacon neck.
The beautiful Ms. Yvette is a 31-year-old model who is of Cuban descent, but hails from Miami, Fla.
Before landing His Airness, Prieto had a well-publicized romance with Julio Iglesias Jr., the son of the legendary Spanish singer, Julio Iglesias.
She also reportedly filed for Chapter 7 bankruptcy in 2002.
Details of their relationship, particularly early on, are scarce. From what I gather, Jordan and Prieto have been together since late 2007.
Their first public appearance was an intimate dinner at Michael's Genuine Food and Drink in Miami. Prieto dined on steak au poivre, while His Airness opted for filet of mutton snapper.
At the end of their romantic dinner, the couple was bombarded by fans menacing MJ for his autograph.
Jordan and Prieto cut their evening short and left without having dessert.
In February 2009, Jordan and Prieto reportedly moved in together and began making more public appearances.
MJ plunked down the cash for a relatively modest 5,500-square-foot home in Miami.
In October 2009, Prieto earned official WAG status when she was spotted with Tiger Woods' (then) wife Elin Nordegren at the Opening Ceremony of the Presidents Cup in San Francisco, Calif.
In February 2010, Prieto and Jordan were spotted at various Miami hot spots after the Super Bowl. They hit up an after-party in a brand-spanking new Ferrari 599 GTB Fiorano.
If you want to pick up your own Ferrari 599 GTB Fiorano, it'll only set you back about $300,000. Mighty MJ probably has that much lost in his couch cushions.
That even if your relationship starts with a night spent freakdancing and smoking cigars at some scuzzy nightclub...
It can end with happily ever after.
Congratulations, you crazy kids!