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.