Dwyane Wade Reaches Financial Settlement With Ex-Wife

Wade providing ex with over $25,000 a month in alimony, rep says.

Posted: 07/23/2013 08:45 AM EDT
Siohvaughn Funches, Dwyane Wade

Dwyane Wade's ex-wife and mother of his two children, Siohvaughn Funches, made a scene in front of a Chicago courthouse on Friday, claiming her NBA player ex left her destitute after their divorce, but D-Wade is finally ready to tell his side of the story.

The Miami Heat star has maintained a dignified silence about the drama with his ex, but finally lost his patience after Funches alleged that he left her homeless and broke after their split. Now, Gabrielle Union's man has released a statement clarifying that he and Funches reached a financial settlement and submitted it in court last week, "prior to Ms. Funches' recent unfounded and erratic public display outside the courthouse." 

"Dwyane Wade has made several requests over the years to settle this matter, despite Ms. Funches having 16 different attorneys and 2 arrests throughout this process," the statement from Wade's rep continues. "Mr. Wade has provided a very generous settlement to Ms. Funches to continue to live a wonderful lifestyle for the rest of her life." 

Wade claims he has "provided income over $25,000 on a monthly basis, timely paid for her home mortgage, maintenance and security at the house, 4 cars, insurance, taxes and all of her attorney fees throughout this process." 

The statement continues, "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."

Wade was awarded full custody of their two sons in March 2011, yet he "continues to hope that one day he will have a civil relationship with his ex-wife for the sake of their sons."

The couple, who had been separated since 2007, finalized their divorce in 2010 after an ugly split that involved allegations of infidelity. Funches had been arrested twice since their split for failure to appear in court, and even attempted to sue Wade's girlfriend, Union, for emotional distress.


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(Photos from left:  Courtesy Cook County Sheriff Office, Mark Davis/Getty Images)

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