Debbie Rowe sold her kids to Katherine Jackson for $4 million

Many of the tabloids and news sources are reporting that Debbie Rowe and Katherine Jackson have either reached an agreeement, or are working on an agreement to limit or ban Joe Jackson’s involvement with the children.

Radar has Debbie and Katherine negotiating an “out of court settlement” with some kind of codicil that Joe won’t be allowed near the kids.

A source tells: “Debbie is absolutely steadfast that Joe Jackson not be involved whatsoever in the children’s lives. Michael regaled Debbie with what a horrible father Joe was, and Debbie doesn’t want the children exposed to that.

Debbie is navigating a minefield right now of emotions, but she will make sure that Joe Jackson isn’t involved in their daily lives. [Debbie] became so upset that she was reduced to tears.”

Except the New York Post has a somewhat different version of the custodial issues. This could be total crap, but you never know. They have Rowe simply wanting more money in exchange for not fighting for custody. According to the Post’s sources, Debbie Rowe got her “final payday” – $4 million:

Michael Jackson’s baby mama Debbie Rowe has sold her kids again — this time squeezing about $4 million from her former mother-in-law in exchange for giving up her parental rights, a family source told The Post yesterday.

“It’s one final payday,” the disgusted Jackson confidant said.

The family isn’t happy about the mega-payout — which was set to be sealed in Los Angeles yesterday afternoon — but they consider it a necessary evil, the source said.

“They felt it was like a ransom-type thing. [Rowe] jumped back into the picture because she wanted money,” the friend said.

Debbie Rowe doesn’t always give us a lot to work with. I do think Rowe is capable of simply auctioning off those kids for a cash settlement – if the stories are correct, that’s pretty much what happened when she gave Michael custody.

It’s my hope that Rowe really is fighting to keep Joe Jackson away from the children, and that Rowe herself doesn’t drag the whole thing out in the courts. We’ll see.