Yankees General Manager Ordered To Pay $1 Million A Year In Alimony
Brian Cashman, general manager of the MLB giant New York Yankees, has been ordered by a New York court to pay one million dollars a year to his ex-wife, Mary Bresnan. The alimony settlement averages to just over $83,000 a month, extending until October of 2025, or until Bresnan remarries. As GM, Cashman earns three million dollars a year in salary, meaning a third of his annual earnings will go to Bresnan.
The divorce was initiated after Bresnan discovered a relationship Cashman had with Louise Meanwell. The affair came to light in 2012 after Meanwell attempted to extort hush money from Cashman. Later that year, Bresnan filed for divorce. According to court records, Bresnan will be ordered to pay income tax on the alimony payments while Cashman will be able to write them off as a deduction. Along with the payments, Bresnan will remain a beneficiary of Cashman’s life insurance policy until the October 2025 expiration or until she remarries.
The couple will share custody of their two children. The judgment also states that Cashman must pay for the children’s private and secondary school educations. However, the couple will evenly split college expenses.
Ensure that your interests are protected as you fight for a full and fair divorce agreement. Contact a divorce attorney from San Diego’s Fischer & Van Thiel, LLP, at 858-935-6211.