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Dwyane Wade Reaches Pricey Settlement with Ex-Wife Siohvaughn Funches

HOLLYWOOD - JULY 12:  Dwyane Wade of the Miami Heat and his wife Siohvaughn arrive at the 2006 ESPY Awards at the Kodak Theatre on July 12, 2006 in Hollywood, California.  (Photo by Frazer Harrison/Getty Images)
Frazer Harrison/Getty Images
Dan CarsonTrending Lead WriterJuly 23, 2013

After a long and ugly battle, it would appear Dwyane Wade has finalized the financial particulars of his divorce with ex-wife Siohvaughn Funches.

According to Brian Windhorst of ESPN, Wade and Funches reached a permanent settlement Monday concerning the financial terms of their divorce—a settlement the Miami Heat star’s attorney described as “very generous.” 

This settlement comes four days after Funches sat outside Chicago’s Daley Center with a sign reading “NBA Miami Heat Star, mother of his children on the streets.”

Wade’s new agreement with Funches includes a $5 million lump sum payment and a non-disparage agreement. Wade’s attorney James B. Pritikin released the information regarding the deal along with a scathing assessment of Funches’ recent public protest. 

"Ms. Funches has made a mockery of homelessness which is a serious and personal issue for Mr. Wade as his mother was homeless for a period of time when he was a child."

According to the Huffington Post, during her protest, Wade’s ex-wife told reporters and passersby that she was upset with the manner in which the court proceedings were heading and how monetary assets were being distributed. 

Prior to this this new agreement, the temporary deal existing between Wade and Funches called for the Heat guard to pay $25,000 a month in spousal support and an additional $10,000 a month for travel and expenses. 

The new agreement between the former couple comes six years after Wade filed for divorce in 2007, and their path to this point has been anything but smooth. 

Since their initial split, Funches has harried the NBA star with lawsuits alleging his failure to pay out endorsement income she is due. After a long legal battle, Wade won full custody of their two sons, Zion and Zaire, in 2011. 

In 2012, Funches was arrested and charged with misdemeanor attempted child abduction after neglecting to bring the boys back to their father within the prescribed visitation hours.

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