Ex-Wife Of Slain Former NBA Star Received $1M Life Insurance Payout - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Advertise
    • Contact
    • Editorial Staff
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
July 26, 2019 Newswires
Share
Share
Tweet
Email

Ex-Wife Of Slain Former NBA Star Received $1M Life Insurance Payout

Valley News (West Lebanon, NH)

The Associated Press

MEMPHIS, Tenn. — The ex-wife of slain former NBA player Lorenzen Wright pleaded guilty Thursday to facilitation of first-degree murder in his shooting death nine years ago, a surprise development in one of Memphis, Tennessee’s biggest murder cases.

Sherra Wright also pleaded guilty to facilitation of a criminal attempt to commit first-degree murder in a hearing in Shelby County Criminal Court. Judge Lee Coffee sentenced her to 30 years in prison. Coffee said Sherra Wright would be eligible for parole once she served 30% of her sentence, which would be around nine years.

Sherra Wright had been scheduled to face a jury in a September trial on first-degree murder charges in the death of her ex-husband. His body was found riddled with gunshot wounds in a swampy field in suburban Memphis in July 2010. He had been missing for 10 days before his body was found.

The nine-year anniversary of the discovery of Wright’s body is Sunday.

During the hearing, Sherra Wright answered questions from the judge in a soft voice. She said she has been taking medication for anxiety and depression.

She had faced a life sentence if convicted at trial.

Lorenzen Wright’s family members agreed to the plea deal, prosecutor Paul Hagerman said.

“This is obviously a violent offense, an offense that has torn apart a family, an offense that’s been highlighted throughout Memphis and the media and everything else,” Hagerman said after the hearing.

Sherra Wright and co-defendant Billy Turner were charged in December 2017 with first-degree murder. Turner’s trial remains scheduled for Sept. 16. He has already pleaded guilty to a gun charge related to Lorenzen Wright’s shooting.

Hagerman would not say whether Sherra Wright would testify during Turner’s trial.

Turner, a landscaper in the Memphis suburb of Collierville, and Sherra Wright attended the same church. Witnesses said Sherra Wright masterminded a plan to have two men kill Lorenzen Wright at his home in Atlanta, but that attempt failed, according to an affidavit.

She and Turner then conspired to kill him in Memphis, and they dumped one of the guns used in the shooting in a Mississippi lake, authorities have said. A gun that was allegedly used in the killing was found in the lake weeks before charges were filed in the case.

After Sherra Wright entered her plea, the judge allowed Lorenzen Wright’s mother, Deborah Marion, to address the court. Marion spoke directly to Sherra Wright, telling her she wants to see her grandchildren. Marion said she has not been able to visit them.

“I just hate what happened to my child, but he left some nice-looking kids for their grandma,” Marion said.

Outside the courtroom, Marion said family members would be attending parole hearings. Marion said she would like to see Sherra Wright serve the full 30-year prison sentence.

“My son is serving life,” Marion said.

Defense attorney Juni Ganguli told reporters outside of the courtroom that Sherra Wright’s defense at trial would have been that her ex-husband beat her for years and she was tired of it. He said the defense would have been “scorched earth.”

“The beatings were consistent, and it led to her face being disfigured,” Ganguli said. “She feared that Mr. Wright would never leave her alone, and she recruited Billy Turner to kill Mr. Wright.”

Sherra Wright received $1 million from her ex-husband’s life insurance policy. She agreed to a settlement in 2014 in a court dispute over how she spent the insurance money meant to benefit their six children. Defense attorney Laurie Hall said she did not think the life insurance money was a motivation for Wright’s killing.

Wright’s death shook his hometown of Memphis, where he was a fan favorite thanks to his charity work with youth and his father’s involvement as a coach in summer leagues. Former NBA players and friends including Anfernee “Penny” Hardaway and Elliot Perry attended a memorial service for Wright in the days after his body was found.

Wright played for the Memphis Tigers in college and the Memphis Grizzlies during his 13 seasons as a forward and center in the NBA.

Hagerman, the prosecutor, said the case frustrated law enforcement for years and the guilty plea was an important step toward healing by Lorenzen Wright’s family and the city.

“Celebration is not the right word,” Hagerman said. “This brings them a little bit closer to some closure.”

Older

FEMA extends time for Oklahomans to register for disaster assistance

Newer

Warren man sentenced to 15 years in prison for leading arson conspiracy in which two homes he owned were intentionally set on fire so he could collect insurance money

Advisor News

  • Are the holidays a good time to have a long-term care conversation?
  • Gen X unsure whether they can catch up with retirement saving
  • Bill that could expand access to annuities headed to the House
  • Private equity, crypto and the risks retirees can’t ignore
  • Will Trump accounts lead to a financial boon? Experts differ on impact
More Advisor News

Annuity News

  • Hildene Capital Management Announces Purchase Agreement to Acquire Annuity Provider SILAC
  • Removing barriers to annuity adoption in 2026
  • An Application for the Trademark “EMPOWER INVESTMENTS” Has Been Filed by Great-West Life & Annuity Insurance Company: Great-West Life & Annuity Insurance Company
  • Bill that could expand access to annuities headed to the House
  • LTC annuities and minimizing opportunity cost
More Annuity News

Health/Employee Benefits News

  • Resolving dispute, Minnesota Blue Cross strikes in-network deal for St. Luke’s in Duluth
  • Health insurance premiums rose nearly 3x the rate of worker earnings over the past 25 years
  • Hawaii Pacific Health, HMSA discussing possible merger
  • Feeling the pinch of rising health insurance rates? Debt management could help
  • Swing district Republicans brace for political fallout if health care subsidies expire
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • On the Move: Dec. 4, 2025
  • Judge approves PHL Variable plan; could reduce benefits by up to $4.1B
  • Seritage Growth Properties Makes $20 Million Loan Prepayment
  • AM Best Revises Outlooks to Negative for Kansas City Life Insurance Company; Downgrades Credit Ratings of Grange Life Insurance Company; Revises Issuer Credit Rating Outlook to Negative for Old American Insurance Company
  • AM Best Affirms Credit Ratings of Bao Minh Insurance Corporation
More Life Insurance News

- Presented By -

Top Read Stories

More Top Read Stories >

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Slow Me the Money
Slow down RMDs … and RMD taxes … with a QLAC. Click to learn how.

ICMG 2026: 3 Days to Transform Your Business
Speed Networking, deal-making, and insights that spark real growth — all in Miami.

Your trusted annuity partner.
Knighthead Life provides dependable annuities that help your clients retire with confidence.

Press Releases

  • ePIC University: Empowering Advisors to Integrate Estate Planning Into Their Practice With Confidence
  • Altara Wealth Launches as $1B+ Independent Advisory Enterprise
  • A Heartfelt Letter to the Independent Advisor Community
  • 3 Mark Financial Celebrates 40 Years of Partnerships and Purpose
  • Hexure Launches AI Enabled Version of Its Platform to Power Life Insurance Sales
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Advertise
  • Contact
  • Editorial Staff
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2025 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet