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re: NFL settles with former players! 765 MILLION
Posted on 8/29/13 at 1:48 pm to saintsfan92612
Posted on 8/29/13 at 1:48 pm to saintsfan92612
A better breakdown.
Love the last one.
(A) Baseline medical exams, the cost of which will be capped at $75 million;
(B) A separate fund of $675 million to compensate former players who have suffered cognitive injury or their families;
(C) A separate research and education fund of $10 million;
(D) The costs of notice to the members of the class, which will not exceed $4 million;
(E) $2 million, representing one-half of the compensation of the Settlement Administrator for a period of 20 years; and
(F) Legal fees and litigation expenses to the plaintiffs’ counsel, which amounts will be set by the District Court.
Love the last one.
(A) Baseline medical exams, the cost of which will be capped at $75 million;
(B) A separate fund of $675 million to compensate former players who have suffered cognitive injury or their families;
(C) A separate research and education fund of $10 million;
(D) The costs of notice to the members of the class, which will not exceed $4 million;
(E) $2 million, representing one-half of the compensation of the Settlement Administrator for a period of 20 years; and
(F) Legal fees and litigation expenses to the plaintiffs’ counsel, which amounts will be set by the District Court.
Posted on 8/29/13 at 1:54 pm to goatmilker
quote:
(B) A separate fund of $675 million to compensate former players who have suffered cognitive injury or their families;
With about 4,500 players, that's about $150k per player/family. That's pretty much chicken feed. The NFL got the better end of that deal.
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