According to TMZ, the former couple told a judge last week that they came to a financial settlement outside of court. Unnamed sources told the celebrity news site that the ex-Philadelphia 76er will give Tawanna a $3 million lump sum, child support for their five kids and a percentage of the future profits of his Reebok endorsement.
Their divorce has been anything but amicable, with Tawanna accusing Allen of cheating, harassing her and her family and hiding assets. In December 2012, divorce documents filed by the basketball player revealed that he was bleeding money -- taking in about $62,000 per month in income, but spending more than $350,000.
Watch the video above for more on the Iversons' settlement. Then, click through the slideshow below to learn about eight other nasty athlete divorces.