Former NBA star Kenny “The Jet” Smith will reportedly shell out more than $1 million to his ex-wife, Gwendolyn Osborne-Smith, as part of their divorce settlement.
Smith has agreed to pay his ex, a model for the hit TV game show “The Price Is Right,” $1,140,000 as an “equalization payment,” according to documents obtained by The Blast on Monday. (RELATED: Liam Hemsworth Files For Divorce From Miley Cyrus)
The huge sum comes in connection with the former couple’s division and allocation of their property, the outlet noted.
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The Blast also reported that, if for some reason the former NBA star and “Inside The NBA” host does not follow through with the million-dollar payment schedule, his home in southern California would be used as collateral. (RELATED: Cardi B Divorce From Offset Reportedly Not Over A Baby Outside Their Marriage — ‘Those Rumors Are Super False,’ Source Shares)
News broke in June 2019 that Smith and his ex were getting a divorce after 12 years of marriage, citing irreconcilable differences. The couple tied the knot in 2007 and have two children together, 13-year-old Malloy and 8-year-old London.
Smith also has two children with his first wife, Dawn Reavis, and Gwendolyn has a child from a previous relationship, according to the outlet.