I’m sure you’ve read about Dwyane Wade’s ex-wife, Siohvaughn Funches-Wade, and her lawsuit against the NBA superstar over endorsement deals. One perk of for Siohvaughn during their 2008 divorce settlement, was that cash from these endorsement deals would be deposited into their joint account. Apparently, Siohvaughn believed that she was somehow not getting what was coming to her, and filed a lawsuit against Wade.
The lawsuit was dropped on Thursday. This comes from a report by the Chicago Suns-Times.
The agreement required Wade to pay half of the income from his 2006 NBA contract and all endorsement money into the account.
The suit claimed Funches-Wade has been unable to pay her mortgage, or home and auto insurance because of funds withheld from Wade’s endorsement deals with T-Mobile, Staples, Gatorade and Li Ning, a Chinese sporting goods company.
With half of Wade’s 2006 contract and endorsement earnings going to his ex, it’s a wonder he’s not the one claiming poverty. It’s long been the standing that professional athletes needs classes, or life coaches to help better set aside some funds, or manage their living standards so that they won’t go broke. Perhaps it’s time we start setting ex-wives of professional athletes up with these same things.