Peter King first reported that the NFL reached a settlement with theย 4,500 litigants involved in theย concussion case.
- Theย settlement will pay out $765 million in total. (Mike Garafolo)
- $75 million goes to medical exams; $675 million to compensate ex-players; $10 million for research/education. (Albert Breer)
- The NFL is likely to pay outย $950 million – $1.05 billion when everything is said and done. (Peter King)
- The NFL will pay out 50 percent of the settlementย over the first three years and the remaining balance over the following 17 years. (Jason La Canfora)
- The specific amount of compensation paid to players will be based upon a diagnosis. (Andrew Brandt)
- Payments for individual players will be capped at $5 million. (Albert Breer)
- All retired players — not just the litigants in this case —ย are eligible to apply for compensation if they establish neuro damage to independent doctors. (Mike Garafolo)
- The NFL will also fundย medical exams, concussion-related compensation, and a program of medical research. (Peter King)
- The NFL has reportedly agreed to pay theย court-approved lawyers’ fees. (Mike Garafolo)
- The settlementย stipulates there is no admittance of liability on the NFL’s behalf.ย (Jason La Canfora)
Statement from Judge Anita Brody:
“From the outset of this litigation, I have expressed my belief that the interests of all parties would be best servedย by a negotiated resolution of this case. The settlement holds the prospect of avoiding lengthy, expensive andย uncertain litigation, and of enhancing the game of football.”
Statement fromย Judge Layn Phillip:
“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.”
Looking for the latest NFL Insider News & Rumors?
Be sure to follow NFL Trade Rumors on TWITTER and FACEBOOK for breaking NFL News and Rumors for all 32 teams!