Adam Carolla Will Pay Wife $4 Million and $32K a Month in Spousal Support as Exes Agree to Settle Divorce

'The Adam Carolla Show' podcast host initially filed for divorce in May 2021

Radio personality Adam Carolla and Lynette Carolla have resolved their divorce.

According to documents obtained by PEOPLE, the 59-year-old host of The Adam Carolla Show podcast and his now-ex-wife finalized their divorce on Wednesday, nearly two and a half years after he initially filed to end their marriage of 19 years in May 2021.

He will pay the For Crying Out Loud podcast co-host an “equalization” payment of $4 million, which includes the sale of their La Cañada Flintridge, California, home, per the documents.

Per the documents, the Carollas — who married in September 2002 after six years of dating — will share joint custody of their 17-year-old twins Natalia and Santino (a.k.a. "Sonny).

The settlement also indicates that the former contestant on Dancing with the Stars will also pay his ex $32,000 in monthly spousal support and $17,000 in monthly child support.

Related: Radio Personality Adam Carolla and Wife Lynette Getting Divorced After Nearly 19 Years of Marriage

According to the papers, the profit from the sale of the Carolla family home, currently listed on the market for $8,350,000, could affect the radio star’s fee to the Carolla Drinks CEO. The settlement states that they will divide the proceeds from the sale equally, but if it sells for less than $4 million, Carolla will pay monthly payments of $17,000 until the total is reached.

The comedian will retain many of his assets, according to the documents, including his car collection worth $13 million and his memorabilia of the late actor Paul Newman, estimated at $150,000.

Related: Adam Carolla on Calling DWTS Judge Carrie Ann Inaba a 'B----' and His Biggest Gaffe with Another Season 6 Star

Carolla, who hosted The Man Show with Jimmy Kimmel in the early 2000s, filed for divorce in May 2021 after nearly 19 years of marriage. 

He announced the news at the time on The Adam Carolla Show.

“It's not something that I wanted to get or to do," he said. "I'm a product of divorce, Lynette's a product of divorce.... No one ever signs up to get divorced.”

He also acknowledged that the estranged spouses had been separated for several months at that point and that it was important to them that their “kids come first.” 

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The Loveline co-host also explained that it had “been a difficult time” and opened up about what led to their split.

"We've been together for 25 years, we're very different human beings, we have different sets of philosophies, that's for sure,” he said. “It's not an event, it's not somebody was cheating, it's not chronic gambling or COVID, it's really just two people that were just that different and just had completely different processes and approaches to life and just couldn't meet in the middle somewhere."

He added, "It's hard, it's a weird thing. Everyone gets divorced — or a lot of people get divorced ... but it just never was in my cards. I guess I didn't have it as an option. My thing was like, whatever isn't working, we'll make it work. But ultimately, if you can't make it work then it's probably for the good, so I'm in a pretty good place."

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