NFL settles the concussion suits for $765 million

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A federal judge says the NFL and more than 4,500 former players want to settle concussion-related lawsuits for $765 million.

The global settlement would fund medical exams, concussion-related compensation and medical research.

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According to the settlement, $675 million of the $765 million would be used to compensate former players and families of deceased players who have suffered cognitive injury. Other money will be used for baseline medical exams, the cost of which will be capped at $75 million. The NFL will also fund research and education at a cost of $10 million.

Individual awards would be capped at $5 million for men with Alzheimer's disease; $4 million for those diagnosed with chronic traumatic encephalopathy (CTE) after their deaths; and $3 million for players with dementia.

The settlement will include all players, their authorized representatives or family members if a player is deceased, who have retired as of the date on which the court gives preliminary approval of the settlement.

The NFL has 20 years to pay the full amount of the settlement, but half of the total must be paid within the first three years and the rest over the next 17 years.

Legal fees are not included in this agreement. A district court will decide what compensation the plaintiffs can receive for those costs.

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