Today, August 29, 2013, the NFL reached a settlement with all 4,500 litigants in a lawsuit claiming that the NFL had hidden some of the risks of concussions. The settlement has a total value of $765 million to distributed, in large part, to the former players and their families. The remaining money will be used for baseline medical exams and to conduct research on concussions, particularly the impact on youth sports. The terms of the agreement state there is no admission of liability or guilt by the NFL or admissions of weakness of claims by plaintiffs. The payments will be distributed over the next 17 years, but half of the payment will be distributed over the next 3 years.
The judicial order can be found at the following link: http://www.scribd.com/doc/164000823/NFL-Concussion-Litigation-Settlement. A more detailed list of the principal terms can be found here: http://nflconcussionlitigation.com/?p=1506
By CURB contributor Joshua Blessing, Florida Coastal JD Candidate 2014, BS Business Administration, Concord University, former Director of Golf, 2003 to 2011, Wolf Creek Golf Colf Club.