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Kevin Federline Turns Down Settlement

Kevin Federline has received a new divorce settlement offer.

According to American Star, Federline has turned down a proposal from Britney Spears to finalize their divorce.  Spears, 25, was ready to pay her former spouse $25 million US.

The rapper hopes to get $50 million from the singer and mother of his two sons, Sean Preston and Jayden James.  Spears hoped that Federline would take the settlement offer, which also asked Federline to give up custody rights for the boys.

An insider reports, "He loves his two little boys, and there’s no way he’s going to disappear from their lives."