Today, we're spinning this list upside down to determine what each of these athletes would have to pay in hypothetical Michigan child and spousal support. Today we're examining Miami Heat superstar Lebron James who lands at number 2 on the Sports Illustrated list.
Lebron will earn $17,545,000 dollars this season on the court and approximately $39,000,000 off the field in endorsements for a total of $56,545,000. If Lebron James were to be divorced in Michigan, he would certainly fall off this list of top earners.
Let's assume Lebron James has his kids half the time, meaning they reside with him 182 days of the year. The other days the kids would be with the mother. If he had three children, he would have to pay approximately $241,775 per month to the mother of his children in Michigan child support. If he had two children, he would have to pay $190,881 per month. This payment would go up to each child's 18th birthday. If these kids are young, Lebron better get a second career, because it won't be cheap. Each year, Lebron would be paying $2,900,000 if he had three kids and about $2,300,000 if he had two kids. That could be over 52 million dollars for three kids over the course of 18 years.
But wait, it doesn't stop there. Lebron would have to pay his ex-wife spousal support for a number of years. For a 5 year marriage, Lebron would have to pay approximately $498,832 per month for between 1.5 and 5 years. If it was a 10 year marriage, Miguel would have to pay $574,719 per month for 3.3 to 5 years. At the high end of spousal support, Lebron could be looking at paying over 34 million dollars to his ex-spouse in spousal support.
Now just because the formula says these are the numbers, Lebron's Michigan divorce attorney would argue for much lower numbers, and might prevail. There would also be the issue of dividing real estate, personal property, bank accounts, investments and other financial assets. If Lebron James at some point was earning less money or retired, his attorney would need to modify these support numbers, because it's not possible for Lebron to maintain these type of numbers when he's no longer a top earning athlete.
Our list is meant to educate people on the impact of supporting children and being divorced from a spouse. Our team has absolutely no insight into the athletes family situation; some of these athletes are not married, and may not have any kids. Most of these athletes do not even reside in Michigan. We're simply taking their income and conducting educated calculations. These calculations do not factor in property settlements, retirement plans, personal property, different parenting time scenarios, different taxes. These articles are for education purposes, rather than true outcomes.