BALLZ! Express Yourself With BALLZ!

Britney Spears and Kevin Federline have finally reached an “amicable” divorce settlement.

The much talked settlement was reached after a five-hour meeting between Britney, Kevin and their lawyers.

While the terms of the agreement have not been revealed, rumor has it that Kevin will gain a measly one million dollars and will have joint custody of Sean Preston and Jayden James.

K-Fed’s attorney’s spokesperson (!) confirmed the news, telling People magazine: “The parties signed a global settlement on all issues of their marriage and the custody of the children.”

Sporting a huge, million-dollar grin, Brit put on her best wig and headed to the Bridge lounge in West Hollywood to celebrate her legal victory.