NBA star Allen Iverson finally reaches divorce settlement

After going through a bitter divorce process, NBA star Allen Iverson has finally reached a settlement with his estranged wife that cost $3 million.

According to TMZ, Iverson and his former wife, Tawanna, informed the judge that they had reached a financial agreement outside the court.

Iverson and Tawanna agreed on doing this themselves just days before they were set to go to their trial, and refusing the jury selections' helps in determining fair ways to divide the NBA star's $18 million assets, BET reported.

As a part of the deal, Iverson will be paying $3 million lump sum to Tawanna, various assets, and percentages from his Reebok endorsement deal checks.

Iverson would also be paying child support for the former couple's five children.

The 37-year-old basketball player reportedly got to retain his Georgia mansion, his expensive ride, Maybach, and other personal belonging.

Iverson's lawyer, Melanie Fenwick Thompson, released a statement that reads, “Our client is extremely pleased with the outcome of the case."

The couple had been married for 10 years, and both of them had been fighting for this legal process for a year.

The legal document said their marriage was "irretrievably broken."

It also said that Tawanna wanted a sole and physical custody of their five children