The Lakers went on to beat the Celtics to claim their second straight title, leaving White in debt to the hip-hop star.
But it took the UFC boss several months to pay up - and he only produced the cash during a chance meeting with Snoop in Las Vegas on 30 December (10).
In a video interview with TMZ.com, White explains, "I owed Snoop $20,000. I bet Lakers against the Celtics, and I lost. I'm here to bow down and pay Snoop Dogg his money."
He is then captured telling Snoop, "You're not dogging (pestering) me any more, man. I owe you 20Gs ($20,000) and here it is."
The rapper replies, "Paid in full? You're a man of your word. I'm glad we got this together before 2011."