Sugar Shane Mosley Loses Championship Belts To Wife In Divorce

Sugar Shane Mosley's championship belts went to his wife as part of his divorce settlement.

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Sugar Shane Mosley Divorces, But Keeps Manny Pacquiao, Floyd Mayweather Profits Thanks To California Laws

Sugar Shane Mosley and his now ex-wife Jin Mosley came to terms on a divorce settlement that included Jin receiving his three championship belts, each of which will be handed over to the former couple's three children. While there is a manner of embarrassment with that, Sugar Shane will at least remain in solid financial shape following the divorce.

The couple settled their divorce under California's community property laws, which assume that all assets acquired during the marriage are presumptively community property. Under California law that property is divided 50-50 upon divorce. Assets includes anything from career-related earnings to credit card points.

For example, Mosley earns a cut of profits from the sale of videotapes and DVDs from his various fights. He will have to turn over half the profits he'll earn from tapes of any fights between November 2002 and approximately February 2009, when Jin filed for divorce. As to something like credit card points, according to TMZ, the couple accumulated 854,410 AMEX points, which means Jin gets 427,205 points.

The "good news" for Shane is that he gets to keep all video and DVD profits from his fights with Floyd Mayweather, Manny Pacquiao and Antonio Margarito, which occurred after Jin filed for divorce.

Under California community property law the economic community ends when there is a permanent physical separation and one spouse intends not to resume the marital relationship. That leaves some wiggle room after Jin and Shane separated, but once Jin filed for divorce in 2009m California views that as a distinct end to the economic community.

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Sugar Shane Mosley Loses Championship Belts To Wife In Divorce

There's a lot of ways a boxing champion can lose his title belts. He can get beat in a match, he can be stripped by a governing body, he could retire...

Or he could get divorced, in which case his wife gets them.

That's the case for Sugar Shane Mosley, according to TMZ.

The settlement provides that ex-wife Jin "shall maintain custody and control of three championship belts for each of the respective parties' three minor children."  Each of the kids get a belt when they turn 18.

Now, these aren't belts that Mosley holds officially but the ornamental ones that he got to keep. Mosley lost his Welterweight Titles to Manny Pacquiao.

In the settlement, Mosley's ex also gets half of Shane's cut of profits from videotapes and DVDs of his big fights. She does not, however, get a piece of the $3M purse from the Pacquiao fight, which occurred after the settlement was reached.

Mosley is 46-7-1 on his career, but has lost three of his last six fights. Four if you count the divorce.

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