Michael Jordan’s fiancée Yvette Prieto has reportedly signed a prenuptial agreement as the basketball legend doesn’t want to make the same mistake as he did with ex-wife Juanita Vanoy.

Juanita Vanoy reportedly scored what was at the time the largest celebrity divorce deal in history.

According to the National Enquirer, the prenup will protect nearly all of Michael Jordan’s $650 million fortune.

“Michael loves Yvette, but he won’t let that interfere with his common sense – and his money – like it did before,” a source allegedly told The Enquirer.

Michael Jordan, 50, and Yvette Prieto, 33, who will apparently tie the knot on April 27, will each keep the assets that they bring to the marriage, it has been reported.

Should the couple end up divorcing, Yvette Prieto will allegedly receive $1 million for every year that they were married.

If the marriage lasts for 10 years, Yvette Prieto will receive $5 million per year if they split up.

Yvette Prieto has signed a prenuptial agreement to protect Michael Jordan’s $650 million fortune

Yvette Prieto, a Cuban-American model, reportedly is “OK with the agreement”, because she doesn’t believe the prenup will ever come into play.

“She feels they have a strong relationship. She can’t imagine that they’d ever split up!”

The insider added: “Yvette knows Michael was once a serial cheater, just like his buddy Tiger Woods.

“But she believes Michael has sown his wild oats and only has eyes for her now. They’re both very happy and looking forward to the wedding.”

Michael Jordan and Yvette Prieto appeared at the main Palm Beach County courthouse in Florida to apply for a marriage licence in the early morning of March 7, according to Kathy Burstein, a spokeswoman for the clerk’s office.

Applicants must apply in person and a licence is good for 60 days.

Michael Jordan and Juanita Vanoy had no prenuptial agreement, but Juanita walked away from the marriage in 2006 with $168 million, their shared Chicago mansion and custody of the couple’s three children.