Dwyane Wade reaches divorce settlement with ex-wife

Dwyane Wade and ex-wife Siohvaughn Funches-Wade, shown here in 2005, have reached a divorce settlement. (Layne Murdoch/Getty) Siohvaughn Funches-Wade, ex-wife

Dwyane Wade and ex-wife Siohvaughn Funches-Wade, shown here in 2005, have reached a divorce settlement. (Layne Murdoch/Getty)

Siohvaughn Funches-Wade, ex-wife of Miami Heat star Dwyane Wade, will receive $5 million from Wade as well as a South Holland, Ill., mansion and four cars in their divorce settlement, reports the Chicago Sun-Times.

Each party must also avoid making disparaging remarks about each other as the settlement includes a "non-disparage" agreement.

After Friday's hearing in downtown Chicago, Funches-Wade sat on the street with her sister and mother and held a sign that read "NBA Miami Heat star, mother of his children on the streets."

Wade filed for divorce from Funches-Wade, his high school sweetheart, in 2007 and they divorced in 2010. Wade gained sole custody of their two boys in 2011.

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