Nick Young, Iggy Azalea Split Rumors: Couple Trades Engagement Ring For Car After Breakup [VIDEO]

Nick Young and Iggy Azalea have come to terms on a trade after their split.

The rapper announced on social media this week that she called off her engagement to the Lakers star over trust issues in the wake of a cheating scandal. Young's teammate D'Angelo Russell secretly filmed "Swaggy P" admitting to cheating on his fiancee, which leaked online and created a rift between the couple.

In the wake of the split, the two have worked out a deal. Azalea gave Young his engagement ring back in exchange for him returning the 1962 Impala she had bought for him for Christmas. While Young's ring is reportedly worth half a million dollars, the car is worth just $100,000.

That doesn't mean Young got the win, as TMZ Sports points out the 10.43 carot bling would have gone back to him anyway based on California law as it is considered a gift in completion of marriage. When the marriage isn't complete, it goes back to the giver.

Still, Young cheated on her and publicly embarrassed the "Fancy" singer, so it's only right he gives her back the car.

Azalea announced their split on Instagram saying her future is a "blank page," while Young posted a tweet on Twitter that simply said, "single," to reveal the breakup.

It appeared as though Azalea was coming around to Young again after she was spotted supporting him by wearing Lakers shorts and then seen with her engagement ring on during a recent performance, but she has sent mixed signals ever since the scandal broke.

Though her sporting the bling seemed to hint at reconciliation between the two, the rapper was seen at an airport last month without it.

Young and Azalea appeared to overcome their issues after the video, but the rapper kept her fiancé in the doghouse. A few weeks later, they were seen out together having a good time, which led to speculation that things were getting better, but it seems it was too much for Azalea to overcome.

Azalea made it clear that she wasn't fine with what Young did behind her back, and even threatened bodily harm on him should he ever do it again. After openly talking about the issues, Azalea then made a public request for her privacy.

"I'm not cool with it," Azalea told 'Orlando & The Freak Show' on Wild 94.1 about Young's actions back in April. "Like you'll have half a penis. I already said one more video, just one more thing and you will lose a quarter of your meat. I have an actual spoken commitment that you're going to get married to me and that involves not doing any of those other things."

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