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Wife receives $3.7 million home and alimony in divorce

The recent finalization of a divorce can mean quite a bit to the spouses involved. Some in Louisiana have felt relieved once their split was finally official. But when the end of a marriage has been complicated and the number of assets has made it contentious, the final moments of the divorce case can feel bittersweet, if not just bitter. The complex asset divorce of the general manager for the New York Yankees seems to have been just like this, considering the circumstances that led to the split.

According to reports, the 45-year-old man may have been having an affair with a woman that allegedly extorted him. A year after the supposed affair, he and his 43-year-old wife were seen in court during a ten-minute hearing that ended the divorce case. Both said few words during the hearing and neither of them looked at one another.

In the settlement, the ex-husband has agreed to allow his ex-wife to keep the $3.7 million home that the couple once shared. In addition, she will receive an undisclosed amount of alimony until October 2025. If she remarries before that date, she will forfeit her spousal support. The couple chose to share custody of their two children - a 14-year-old girl and a 9-year-old boy - but they will be living with their mother while their father will maintain visitation rights.

The baseball manager was seen before the hearing with his head in his hands, looking rather dejected and upset about the situation. Before his reported affair, there was another similar situation. During this previous scandal, his wife stood by him and did not want to divorce him - that was in 2009. But the more recent allegations of extramarital behavior brought reports of extortion and a criminal case against the woman who was reportedly involved. When the judge asked the man's wife if the marriage was irrevocably broken, she said that it was.

Source: New York Post, "Yankees GM Cashman's divorce finalized," Laurel Babcock, Feb. 6, 2013

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