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The ongoing divorce battle between former Dodgers owner Frank McCourt and his wife Jamie has finally come to an end, as an expensive settlement was reached in order to end the dispute, The Associated Press reported.
According to the news outlet, the agreement was reached that left Jamie with $131 million by the end of April 2012, as the binding settlement was filed by lawyers for both parties.
The agreement calls for the lump sum to be paid fully in cash by this date, and Frank McCourt can save a comparatively minute sum if he is able to make the payment by this deadline.
Jamie McCourt didn’t just receive the massive $131 million that she may get before April, as the ex-wife will also get four properties that total $50 million, while Frank only gets to keep two residences, the AP reported.
The Los Angeles Times reported that despite the massive payout to his ex-wife, McCourt will still be responsible for spousal support funding that totals $225,000 per month until the final $131 million is given to Jamie.