Debbie Schlussel: On the Chopping Block?: The Lawyer Who Wrote . . .
. . . New York Giants star Michael Strahan's pre-nuptial agreement.
Not like we're shedding any tears for this multi-millionaire NFL player. But . . . isn't the idea of a pre-nup to protect your assets and limit your spouse's take? In Strahan's case, it's the exact opposite.
He must give his soon to be ex-wife, Jean Strahan, $15.3 million, more than 50% of his assets. Under this generous pre-nup, the estranged Mrs. Strahan gets 50% of her husband's assets, plus 20% of his annual income for each of the seven years they were married.
Call this pre-nup the reverse-cha-ching for Mr. Strahan. It gives new meaning to the phrase, "seven-year itch," since he must be scratching his head . . . and tearing his hair out.


Here are the details from the New York Daily News:
What Jean Strahan getsPrenup payout
$7.5 million plus $1.2 million in interestHalf of all assets
$6.6 million

Dream house She can buy the family's $3.6 million "dream house" in Montclair, N.J., from her husband for $1.4 millionLuxury car
A leased Cadillac EscaladeProperty
She gets half of the money from the sale of 256 pieces of furniture and other propertyChild support
$214,745 a year; Michael Strahan also must pay 91% of the cost of their children's private schooling, camp and higher education fees. She will cover the rest.
Ka-ching. That's a lotta coin for a few years non-work.
From Deadspin, here's the very apropos cover of the New York Post. (Plus, Burberry gets a free front-page plug--"Wear our coat, and you, too, could get a $15 mill-plus payday.")

She got paid. He got fleeced.
Posted by Debbie on January 15, 2007 04:30 PM to Debbie Schlussel