Former New York Knicks and Cleveland Cavaliers guard Iman Shumpert has officially finalized his divorce settlement. After seven years of marriage, Shump and his former wife Teyana Taylor closed the chapter of their family life. They reached the decision with the guidance of a Fulton County judge after Taylor filed for divorce in 2023.
Former NBA Champion Loses Millions in Divorce Settlement
While the complete details of the jaw-dropping divorce settlement are not fully clear, some details show Iman Shumpert will lose millions. Here is a quick summary of everything Taylor will get:
- Four houses valued at over $10 million.
- Financial compensation of a seven-figure lump sum payment.
- Taylor will get assets like luxury vehicles, including a $300,000 Maybach a $70,000 Mercedes Sprint, and a fully equipped tour bus.
- Taylor will retain full ownership of her various companies, ensuring her financial independence moving forward.
- Shumpert will also pay $8,000 per month in child support for their two daughters.
The former NBA champion will cover the private school tuition for their kids. His wife will get a substantial sum out of his corpus, Iman will keep his condo in Miami and properties in South Georgia. Both parties will keep their personal assets like jewelry and vehicles.
Why Did Iman Shumpert and Teyana Taylor Get a Divorce?
Iman and Teyana were married for almost a decade. They began their married life in 2016. When Teyana filed for a divorce, she cited his jealousy and insecurity surrounding her fame. Iman had a successful NBA career, but after he retired, he struggled with feelings of inadequacy. There were reports that he felt overshadowed by Teyana’s rising stardom in the entertainment industry. When she filed for a divorce, she claimed that she felt increasingly manipulated and controlled, which took a toll on her mental well-being.
Born in December 1990, Teyana is an American singer, songwriter, model, actress, dancer, choreographer, and music video director. She became famous after choreographing the video for Beyonce’s single Ring the Alarm in 2006. In 2008, she released her debut single, Google Me.
Teyana and Iman have two daughters, Iman Tayla Junie Shumpert Jr. born in 2015, and Rue Rose Shumpert, born in 2020. Their first daughter was delivered at their home when Taylor unexpectedly went into labor. Before the divorce, the pair had a joint net worth of around $35 million.
Iman Shumpert’s Basketball Career
Shumpert has played for five teams during his NBA career. He began his NBA journey with the New York Knicks, who drafted him with the 17th overall pick. Shump played for the Cleveland Cavaliers, Sacramento Kings, Houston Rockets, and Brooklyn Nets. His biggest success came in 2016 when he and the Cavs came back from a 3-1 deficit to win the title against the Golden State Warriors.
He has earned $48 million throughout his career. Most of the earnings came thanks to the four-year, $40 million contract he signed with the Cleveland Cavaliers.
Iman spent 10 years in the league, posting career averages of 7.2 points, 2.6 rebounds, and 3.3 assists on 39% shooting from the floor.
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