We’re told Iverson and Tawanna — who married way back in 2001 — informed a judge last week they had reached a 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 . 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.
The settlement comes after a brutal year-long fight between the former lovers … which included allegations of infidelity, hiding money, and petitions for restraining orders.
Good to see the two finally worked it out, especially for the kids.