After their break up in 2006, former Baywatch star David Hasselhoff and his ex-wife Pamela Bach have reached a divorce settlement. He will pay her and their children $25,000 a month.

Los Angeles court papers showed that he has to pay Bach $21,000 and his daughters 17-year-old Taylor, and 15-year-old Hayley $4,000 every month.

The couple was married for more than 16 years. They now have joint custody of their children, with shared ownership of their home. They will also divide their cars, and his pensions from acting and directing.

Last May, Hasselhoff was banned temporarily from meeting his kids after a video was released showing him in a drunken state. Hasselhoff is a recovering alcoholic. Shortly after, in October, the actor was admitted into hospital for a brief relapse into alcoholism.

Hasselhoff’s highly publicized divorce has taken months to negotiate custody and financial agreements.

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