Jim Nantz Forced To Pay Wife $916,000 Per Year In Alimony

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STEPHANIE REITZ | 11/ 3/09 11:42 AM | AP

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HARTFORD, Conn. — CBS sportscaster Jim Nantz must pay $916,000 yearly in alimony and child support to his ex-wife and give up their Connecticut home under terms of a newly issued divorce decree.

The ruling, made Monday in Bridgeport Superior Court, dissolves the 26-year marriage of Nantz and Ann-Lorraine "Lorrie" Carlsen Nantz. It comes after both testified about the breakdown of their marriage; Judge Howard Owens concluded neither was at fault.

Nantz, described by Owens as "our nation's most prominent sportscaster," filed for divorce last year from his wife after years of marriage counseling, according to the decree.

Although Nantz, 50, acknowledged he started dating a 29-year-old woman before the divorce was final, the judge concluded the marriage deteriorated years earlier and "this remote event in no way contributed to the breakdown of the marriage."

Owens noted that the couple didn't share the same interests in Nantz's television career, which required frequent travel as the network's primary commentator for college football, golf and basketball, as well as appearances at charity events.

"In fairness, for most of the years he prioritized his family obligation and put his wife and daughter Caroline first. As frequently happens in marriages of lengthy duration, the parties do not have the same interest and ardor for their spouses' endeavors," the judge wrote in his decision.

Under the ruling, Nantz must pay $72,000 in alimony monthly until he dies or his ex-wife remarries, and another $1,000 weekly in child support for the next two years.

Nantz's attorney, Gaetano Ferro of New Canaan, said Tuesday that the famed sportscaster only wants what's best for his daughter and will not fight the terms of the divorce decree.

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"He always wanted a peaceful resolution of an unfortunate situation," Ferro said. "He never wanted a trial, never wanted it to come out this way, never wanted a public spectacle. He wants to put it behind him."

Lorrie Nantz will get their home and a separate condominium in Westport, while Jim Nantz will get their home in Houston and a luxury condominium in the Deer Valley ski resort in Park City, Utah. They were awarded joint custody of Caroline, 15.

He also must pay Caroline's college expenses until she reaches 23 years old and has to split various joint accounts with Lorrie Nantz, including the current value of his pension through the Screen Actors Guild.

He also must keep his ex-wife listed as beneficiary of a $3 million life insurance policy while he's still paying alimony and/or child support, and pay $70,000 so she can join any country club of her choice.

She had been seeking more than $1.5 million in yearly alimony and child support.

Court documents cited Jim Nantz's $3.2 million salary from CBS and other assets, including millions in other income, shared investment accounts, real estate and other property.

Nantz, who started his broadcast career at a local CBS affiliate in Salt Lake City, testified that Lorrie Nantz grew uninterested in his career over time, did not want to attend events that were important to him and didn't provide the emotional support he desired.

Lorrie Nantz said she went as often as possible, but that those events were not her life's major interest and her main focus was raising their daughter.

"They're two good people, and as sometimes happens over 26 years, they grew apart," Ferro said.

Cynthia George, Lorrie Nantz's Greenwich-based attorney, said she and her client had no comment except that they were pleased with the decision.

HARTFORD, Conn. — CBS sportscaster Jim Nantz must pay $916,000 yearly in alimony and child support to his ex-wife and give up their Connecticut home under terms of a newly issued divorce decree.
HARTFORD, Conn. — CBS sportscaster Jim Nantz must pay $916,000 yearly in alimony and child support to his ex-wife and give up their Connecticut home under terms of a newly issued divorce decree.
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- SGMD1 I'm a Fan of SGMD1 3 fans permalink
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Oh my god...poor guy got screwed. Textbook example of why every guy needs a pre-nup, and needs to live in a state where they're legally binding. Sheesh.

    Reply    Favorite    Flag as abusive Posted 11:23 AM on 11/05/2009
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I remember when that was a lot of money.

    Reply    Favorite    Flag as abusive Posted 09:51 PM on 11/04/2009
- NuAgeDok I'm a Fan of NuAgeDok 5 fans permalink

She should get a lot more for having to listen to Nance's inanity over the years. Whenever he is announcing a sports event I usually turn off the sound and listen to a Lupe Fiasco rap mix. Much more intelligible than Nance's drivel.

    Reply    Favorite    Flag as abusive Posted 09:03 PM on 11/04/2009
- GoDogGo I'm a Fan of GoDogGo 31 fans permalink
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TERRIBLE settlement for him. The $916k annually means he will likely never be able to retire. As a media personality, he has a shelf life and will not continue to earn as he does now. While she certainly deserves half of the marital property and a fair amount of support, it's never fair when one party has to continue working for the rest of their life to pay such an exorbitant amount.

Given the ongoing decline of TV and its ad revenue, he'll simply have to revisit this in court.

    Reply    Favorite    Flag as abusive Posted 08:14 PM on 11/04/2009
- geejai54 I'm a Fan of geejai54 6 fans permalink

The guy makes over 3.2 million a year that does not includer his other investments and holdings.So he can't retire off of over 2 mil. Could you/?I know you would take it in a heartbeat. >

    Reply    Favorite    Flag as abusive Posted 04:00 PM on 11/05/2009
- MalakAlHaq I'm a Fan of MalakAlHaq 12 fans permalink

Couldn't happen to a more deserving guy.

Maybe now he can cry on his friend George W's shoulder.

    Reply    Favorite    Flag as abusive Posted 05:54 PM on 11/04/2009
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The judge said Alimony, but he really meant, 'all the money'.

    Reply    Favorite    Flag as abusive Posted 02:04 PM on 11/04/2009
- RusStyles I'm a Fan of RusStyles 21 fans permalink

When he married 26 years ago he wasn't pulling down that type of green. So in this case a pre-nup wasn't a forethought. But men already flushed with cash, a pre-nup is a no-brainer. There's no justification for these outrageous payoffs, unless the wife was integral to their spouse's success; as in helping him start or expand a business with material or intellectual resources. In this case there was no kid for the first 11 years..While he was bringing home the bacon, what was she doing all day? Supervising the maid...Walking her legs out shopping for fashion designer clothes. Enduring grueling Spa treatments.... I'm no fan of Nantz, but this is beyond absurd. Same hose job happened to M. Jordan, and I'm no MJ fan either. Her payoff was substantially bigger. There's not even enough time in the day to spend that much money. I'm sure she was a dutiful wife, but like Lorrie, had no discernible impact on MJ's meteoric success on the hardwood, merchandising of Air Jordan, etc...

    Reply    Favorite    Flag as abusive Posted 01:18 PM on 11/04/2009

Please, please, please do not attempt to argue against the settlement Juanita EARNED...When your husband of close to two decades is sued repeatedly for fathering multiple children throughout your marriage, while you, the wife, maintain a home, raise your three children to be college-bound students, and unconditionally support your husband, appearing at games, press conferences, charity events, etc. -- the wife deserves whatever she gets! Juanita EARNED every dime!

    Reply    Favorite    Flag as abusive Posted 02:14 PM on 11/04/2009
- RusStyles I'm a Fan of RusStyles 21 fans permalink

Chill on the pipe...It's bad for rational thought. What was she...A secretary when she met her key to prosperity. It's painfully obvious that had she not married a MJ, there's no way she would earned anywhere near the type of money she'll have rolling in for the rest of her life. Unless she were to remarry, which is about as likely as Elvis making a comeback.

Sure... $15-20 million payoff and/or alimony payments until both kids are over 21. But a $168,000,000.00! Plus millions of dollars in property. Now, she can sit on her ass ad infinitum and collect money. SHOWING UP AT PARTIES. Wow! Press conference­s--whop-ee­-doo. And it's par for the course when you marry a rich and egotistical man, overflowing with testosterone, he's going to have other women. This is common knowledge, so don't marry this type of man if you can't deal with mistresses. No points for that...She done good raising the kids, which--by the way--is a parent's responsibility, and is what moms do all over the world. He filled the seats. He perfected his game to become the best ever. He built his brand, and sold it over the planet. Let's face it, she hit the jackpot!

    Reply    Favorite    Flag as abusive Posted 02:43 PM on 11/04/2009
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You get yours girl!! Good for you!!

    Reply    Favorite    Flag as abusive Posted 12:20 PM on 11/04/2009
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WOW! I'm not a Nantz The Bush Lover Fan, but WOW! Your Honor,have a heart. Starting today, all wedding vows should contain a prenup.

    Reply    Favorite    Flag as abusive Posted 11:56 AM on 11/04/2009
- rodeman I'm a Fan of rodeman 3 fans permalink

What happens if Nantz lets his 3M dollar life insurance policy lapse. Will he be sanctioned for that as well? Not being able to choose your own beneficiary seems over the top to me....?

    Reply    Favorite    Flag as abusive Posted 11:49 AM on 11/04/2009

Its a very common provision in high end divorces.

    Reply    Favorite    Flag as abusive Posted 09:07 AM on 11/05/2009
- Itsmyland2 I'm a Fan of Itsmyland2 7 fans permalink
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72K a month until he dies or she remarries. Why on earth would she remarry?

    Reply    Favorite    Flag as abusive Posted 11:46 AM on 11/04/2009

Look, this is how it works. Most courts think the marriage money (everything either one made as salary) is to be divided in half. Yes, it seems like a lot for the wife. Nantz is already romancing (and very well may marry) a 29 y/o. Probability - more kids. New wife and new kids are going to have a bigger hold on dad than old wife and old daughter. Old mom needs to collect everything she can from dad now, because in the future, her daughter is not going to be as needy as her younger step-siblings (and since they will be younger, that is only right). The only way for mom to insure any inheritance (or ability to assist her daughter in the future) is to get daughter's share out of dad now. Yes I know, no one is due an inheritance. But neither should an older child be disregarded simply because dad remarries.

    Reply    Favorite    Flag as abusive Posted 11:07 AM on 11/04/2009
- ilikebeer I'm a Fan of ilikebeer 3 fans permalink

And an alimony payment / settlement shouldn't be based on the grounds of what you assume may happen.

    Reply    Favorite    Flag as abusive Posted 11:20 AM on 11/04/2009

She should have gotten more. He is so boring. Actually we should get some of it for the same reason.

    Reply    Favorite    Flag as abusive Posted 10:17 AM on 11/04/2009

It's costly getting zippers stuck in the down position.......

    Reply    Favorite    Flag as abusive Posted 08:30 AM on 11/04/2009
- rain33 I'm a Fan of rain33 22 fans permalink
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good! it served him right anyway!

    Reply    Favorite    Flag as abusive Posted 07:31 AM on 11/04/2009
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