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NFL settles the concussion suits for $765 million

Posted on 8/29/13 at 11:41 am
Posted by tigerpimpbot
Chairman of the Pool Board
Member since Nov 2011
66883 posts
Posted on 8/29/13 at 11:41 am
LINK

quote:

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.


ETA:
quote:

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.


LINK


This post was edited on 8/29/13 at 1:09 pm
Posted by Nonetheless
Luka doncic = goat
Member since Jan 2012
33000 posts
Posted on 8/29/13 at 11:43 am to
What about when the next wave of lawsuits come?
Posted by GalvoAg
Galveston TX
Member since Apr 2012
10835 posts
Posted on 8/29/13 at 11:43 am to
Good now hopefully we can move away from this.
Posted by Gtothemoney
Da North Shore
Member since Sep 2012
17713 posts
Posted on 8/29/13 at 11:43 am to
Does that mean they can stop playing pussy arse football now?
Posted by ShoeBang
Member since May 2012
19341 posts
Posted on 8/29/13 at 11:44 am to
$170k per plaintiff
Posted by Cajun Revolution
Member since Apr 2009
44671 posts
Posted on 8/29/13 at 11:45 am to
quote:

$170k per plaintiff


lol no. Lawyer fees.
Posted by ShoeBang
Member since May 2012
19341 posts
Posted on 8/29/13 at 11:47 am to
quote:

lol no. Lawyer fees.


no shite. that's the gross #
Posted by Melvin
Member since Apr 2011
23535 posts
Posted on 8/29/13 at 11:47 am to
quote:

Does that mean they can stop playing pussy arse football now?
Hope so
Posted by tigerpimpbot
Chairman of the Pool Board
Member since Nov 2011
66883 posts
Posted on 8/29/13 at 11:48 am to
quote:

Does that mean they can stop playing pussy arse football now?



quote:

The lawsuits accuse the league of hiding known risks of concussions for decades to return players to games and protect its image. The NFL has denied any wrongdoing.


Now that the players know the risks, they should be allowed to go back to hitting for realz.
Posted by ShaneTheLegLechler
Member since Dec 2011
60119 posts
Posted on 8/29/13 at 11:50 am to
That's less than I was expecting
Posted by Draconian Sanctions
Markey's bar
Member since Oct 2008
84827 posts
Posted on 8/29/13 at 11:50 am to
(no message)
This post was edited on 8/30/13 at 3:35 am
Posted by T
Member since Jan 2004
9889 posts
Posted on 8/29/13 at 11:54 am to
I wonder how many of these players will spend all of their winnings in less than 3 months.
Posted by wildtigercat93
Member since Jul 2011
112198 posts
Posted on 8/29/13 at 11:56 am to
Seems like the NFL got a pretty good deal if this is the end of the lawsuits. Couldve been a lot worse
Posted by tigerpimpbot
Chairman of the Pool Board
Member since Nov 2011
66883 posts
Posted on 8/29/13 at 11:59 am to
quote:

That's less than I was expecting



Yep. There was some talk about the suits potentially bankrupting the nfl back when they were first filed.
Posted by Brummy
Central, LA
Member since Oct 2009
4496 posts
Posted on 8/29/13 at 12:04 pm to
quote:

Senior U.S. District Judge Anita Brody in Philadelphia announced the proposed settlement Thursday after months of court-ordered mediation. She still must approve it at a later date.


Any legal experts know what the chances are that the judge would throw out a settlement like this?
Posted by wildtigercat93
Member since Jul 2011
112198 posts
Posted on 8/29/13 at 12:05 pm to
quote:

Any legal experts know what the chances are that the judge would throw out a settlement like this?


I think the judge has already accepted it, per the roto blurb about it
Posted by Black n Gold
Member since Feb 2009
15407 posts
Posted on 8/29/13 at 12:05 pm to
quote:

The lawsuits accuse the league of hiding known risks of concussions for decades to return players to games and protect its image. The NFL has denied any wrongdoing.


quote:

Now that the players know the risks, they should be allowed to go back to hitting for realz.


No shite. Everyone entering into the league now knows the inherent dangers. Hit on guys!
Posted by Gtothemoney
Da North Shore
Member since Sep 2012
17713 posts
Posted on 8/29/13 at 12:12 pm to
Maybe they should have weight limits. You know, like we had we had in pee wee leagues.
Posted by Shankopotomus
Social Distanced
Member since Feb 2009
21057 posts
Posted on 8/29/13 at 12:13 pm to
Price of beer just went up again
Posted by Wishnitwas1998
where TN, MS, and AL meet
Member since Oct 2010
58105 posts
Posted on 8/29/13 at 12:15 pm to
quote:

What about when the next wave of lawsuits come?


My thoughts exactly and a settlement doesn't really put them in the best position to win the next wave either
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