Dwyane Wade’s ex-wife suing over endorsement deal money
BY LEEANN SHELTON Staff Reporter email@example.com July 9, 2013 7:00PM
Updated: July 9, 2013 7:26PM
NBA star Dwyane Wade’s ex-wife filed a new lawsuit against the Chicago area native Tuesday over proceeds from the athlete’s endorsement deals.
Siohvaughn Wade filed the suit Tuesday in Cook County Circuit Court, claiming proceeds from the Miami Heat star’s endorsement deals are not being fully deposited into a joint account controlled by them both, as required in a 2008 agreement.
That agreement had previously been thrown out in domestic court during the couple’s bitter custody battle, but was later restored after his ex-wife appealed the decision, Tuesday’s suit claims. The agreement also requires Wade to pay half of the income from his 2006 NBA contract into the account.
The suit, filed by attorney William P. Suriano, claims Siohvaughn Wade has been unable to pay her mortgage or home or auto insurance because of funds withheld from Wade’s endorsement deals with retailers T-Mobile, Staples, Gatorade and Li Ning, a Chinese sporting goods company.
Wade, a former Richards High School and Marquette University star, married his childhood sweetheart in 2002 but the couple split in 2007. Wade was awarded sole custody of their two young sons in 2011 after a bitter custody trial, the Sun-Times reported at the time.
The two-count suit claims breach of contract and civil conspiracy. It claims a total of $2 million in damages from Wade, his attorney, a financial advisor and the four companies involved in the endorsement deals.
An attorney for Wade could not be reached for comment Tuesday evening.