Concussion Lawsuit Settlement

[Skinzman]

NFL, ex-players reach settlement agreement in concussion suit - NFL.com

Still only a proposed settlement as of now but expected to be finalized without problems.

[SmootSmack]

Waits for JoeRedskin to weigh in

[JoeRedskin]

Not today ... three motions and a fantasy draft. Take a look at it tomorrow.

[SmootSmack]

Sigh...waits for OvertheMountain to weigh in

[NC_Skins]

Sorry Smoot, you'll have to settle for me.

Breaks down to 24 million per team. They got off easy. Real easy. A shame the NFL gets to hide what it knew and for how long. I think the only people making out in this are the lawyers walking away with 30% of the purse.

[Chico23231]

NFL made out today...i thought easily a billion dollar settlement.

But NFL didnt want to go to court, they didnt want the fact they knew what was going on and didnt do anything to stop it come out on the record.

NFL always makes out.

[firstdown]

Originally Posted by SmootSmack

Sigh...waits for OvertheMountain to weigh in

SmootSmack my feelings are hurt your not waiting for me to weigh in on the subject. I will keep it simple. Lawyers and the NFL made out. The actual players that are actually having health issues won't see much of this money.

[skinsfan69]

765 million is a lot of damn money.

[Skinzman]

Originally Posted by skinsfan69

765 million is a lot of damn money.

Yes and no...

By itself, 765 mil is a huge amount of money. However, they get to pay it out over something like 15 years. I heard someone on TV say that equates to raising the ticket prices by 1 dollar and its paid for over the life of the settlement. When you look at it that way, it just doesnt seem like a whole lot.

Keep in mind, the NFL will bring in about 9-9.5 bil this year alone. With the new TV contracts going into effect next year that will jump that figure by a good amount.

Had they been forced to release what they knew, and if (big if) they knew the damages that concussions caused while still clearing the players to go back into the games within a few minutes of a concussion. That settlement could have been well into the billions.

[NC_Skins]

Originally Posted by skinsfan69

765 million is a lot of damn money.

Not when you compare it to 9.5 billion a year revenue.

[Lotus]

4,500 players joined the suit so that is $170,666.67 each. Of course they won't see that much since part of the money is tagged for research, etc.

[skinsfan69]

Originally Posted by Skinzman

Yes and no...

By itself, 765 mil is a huge amount of money. However, they get to pay it out over something like 15 years. I heard someone on TV say that equates to raising the ticket prices by 1 dollar and its paid for over the life of the settlement. When you look at it that way, it just doesnt seem like a whole lot.

Keep in mind, the NFL will bring in about 9-9.5 bil this year alone. With the new TV contracts going into effect next year that will jump that figure by a good amount.

Had they been forced to release what they knew, and if (big if) they knew the damages that concussions caused while still clearing the players to go back into the games within a few minutes of a concussion. That settlement could have been well into the billions.

The owners are like Vegas, in the end they will always come out ahead.

[Chico23231]

Originally Posted by NC_Skins

Not when you compare it to 9.5 billion a year revenue.

nfl could find a billion in their couch

[FRPLG]

Originally Posted by NC_Skins

Sorry Smoot, you'll have to settle for me.

Breaks down to 24 million per team. They got off easy. Real easy. A shame the NFL gets to hide what it knew and for how long. I think the only people making out in this are the lawyers walking away with 30% of the purse.

The only real point of the suit was to affect change. That's how they convinced so many players to join in. The promise of money may have motivated some but for many it was simply a move to join their brothers and make sure that concussions are taken more seriously. I think they clearly achieved that.

[Giantone]

I'm happy for the players and their family's but again I find it tough because there isn't any proof ...none the NFL did anything wrong . How do you prove the trouble was caused by playing in the NFL , why not college or high school, maybe it happen when the guy was younger and was goofing around nobody will ever know .
I have always thought that the NFL should take better care of their retires ,if not for them there would be no game ,period . Still these were grown adult men playing a game they loved because many did it almost for free .They knew they could get hurt , they knew they could die and not only that but it was their job to inflict the same punishment on to others even at the cost of their own body's , say what you want but they the players contributed to their own situation and should be just as responsible .