According to Life & Style magazine, Kevin Federline is demanding $50 million dollars in exchange for full custody of his kids with Britney Spears. He laughed the $1 million offer and he turned down the $10 million offer in December, but $50 million? Sold!

Kevin Federline

The only way Britney Spears can guarantee she'll keep custody of her sons, Sean Preston, 16 months, and Jayden James, 4 months, is to give in to Kevin Federline's settlement demands.

Brit's estranged hubby turned down a $10 million offer in December and is now asking for an astonishing $50 million — about one third of Brit's net worth — to give up full custody of the kids.

"She’s been crying practically nonstop," says a friend of Brit's.

They say everyone has his price, but for your own kids? He's like the poster-boy for deadbeat dads. I can just hear it all now:

"Yeah, I could have raise you son...but fiddy mil was talkin' and I needed some new bling."

Life & Style - Inside Life & Style: Kevin’s threat — $50 million or the babies!

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Categories Flagged: Celebrity Divorce, Celebrities