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NFL, Retired Players Reach $765M Settlement on Concussion Lawsuits
Photo Credit: Getty Images

NFL, Retired Players Reach $765M Settlement on Concussion Lawsuits

Aug 29 2013, 6:59pm CDT | by

The NFL and its retired players reached a settlement which has the league paying roughly $765 million for concussion lawsuits which were previously filed.

The NFL finally resolved the concussion lawsuit issue to the tune of $765 million.  The amount will settle lawsuits filed by retired players who were affected by concussion-related maladies that...

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47 weeks ago

NFL, Retired Players Reach $765M Settlement on Concussion Lawsuits

Aug 29 2013, 6:59pm CDT | by

NFL, Retired Players Reach $765M Settlement on Concussion Lawsuits Photo Credit: Getty Images

The NFL and its retired players reached a settlement which has the league paying roughly $765 million for concussion lawsuits which were previously filed.

The NFL finally resolved the concussion lawsuit issue to the tune of $765 million. 

The amount will settle lawsuits filed by retired players who were affected by concussion-related maladies that they claimed were traced to on-field violance and hits, per Mary Claire Dale of the Associated Press.

Dale points out the class-action settlement came about a week prior to the kickoff of the 2013 season -- a development which should remove a serious legal and financial obstacle. 

Terms included the NFL shouldering expenses for baseline medical exams which has a cap of $75 million. A $675 million fund will be set aside for players who suffered cognitive injuries. A $10 million research and education fund will also be established. 

In addition, "more than 18,000 former NFL players will be eligible for the benefits won in the settlement," says ABC News' Colleen Curry. 

On the other hand, Doug Farrar of Sports Illustrated writes that the settlement, which was brought by over 4,000 players, took two months in the making. That span saw intense negotiations from both sides with the whole proceeding being supervised by former United States District Judge Layn Phillips.  

The settlement will be handed over to United States District Judge Anita B. Brody for approval, according to Farrar.

Phillips declared this to be a "historic agreement" in terms of player safety in the NFL.   

"This is a historic agreement, one that will make sure that former NFL players who need and deserve compensation will receive it, and that will promote safety for players at all levels of football."

Among the plaintiffs include the family of Junior Seau, the former linebacker who committed suicide last year. His death led many to speculate it was related to head injuries he suffered during his playing days.  


 

 

 

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Poch de la Rosa follows all major U.S. sports: NFL, MLB, NBA, NHL and the NCAA. His favorite teams are the Colts, Braves, Pacers, Sharks and Irish, respectively.

 

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