Former four division world champion Adrien Broner is finally paying off his $1 million jewelry debt … agreeing to give it all back in 3 installments, according a TMZ Sports report.
The boxing star was hit with a lawsuit last year after he allegedly stiffed a jeweler out of more than $1 million in fine jewels.
Pristine Jewelers NY said Broner promised to pay for multiple items which totaled $1.252 million … but his checks never cleared — and then he refused to follow through on a payment plan.
But, according to legal documents filed this week … Broner has finally reached a settlement with the company — and has agreed to pay off his debt.
Per the details of the agreement … Broner made his first payment on March 4 and will pay $500,000 by December 31, 2019, and then the final $500,000 no later than 6 months after that.
It’s interesting … according to documents — Broner struck the agreement with the jeweler on Feb. 15 — just a couple weeks after he reportedly earned a $2.5 million check from scrapping with Manny Pacquiao.
In that bout, which took place on Showtime Pay-Per-View from the MGM Grand in Las Vegas, saw Pacquiao win a dominant twelve round unanimous decision.