On August 29th 2013, Judge Layne Phillips announced the NFL and the consolidated 4,500 lawsuits from former and current NFL players have reached an agreement on a settlement. The settlement, 765 million dollars, is to be paid over a total of 17 years (50% in the first 3 years, that’s 382.5 million). This is not a true success in a lot of the player’s minds but they know that this is a step in the right direction. The agreement was considered “historic” by Judge Phillips due to its magnitude and media attention, “This is a historic agreement, one that will make sure that former NFL players who need and deserve compensation will receive it, and that will promote safety for players at all levels of football,” said Judge Phillips. “Rather than litigate literally thousands of complex individual claims over many years, the parties have reached an agreement that, if approved, will provide relief and support where it is needed at a time when it is most needed. I am deeply grateful to Judge Brody for appointing me as mediator and offering me the opportunity to work on such an important and interesting matter.”
Although everyone is very excited, it is not a done deal yet. Once all documents are final it will be filed with Judge Anita B. Brody in a federal court in Philadelphia, PN. Judge Brody will then set a preliminary hearing. After the preliminary hearing it will be distributed amongst retired players and they will then be given a chance to give their objections. After all of their objections are made final Judge Brody will then have a hearing for final grant approval. She is expected to release the schedule next week.
The Settlement is broken down into parts: Class Settlement, No Admissions of Liability or Weakness of Claims, Payments, Timing of Payments, Baseline Medical Examinations, Injury Compensation Fund, Research and Education Fund and Other Benefits. To go further in depth go to http://nflconcussionlitigation.com/. It is not a touchdown but it is moving the chains in the right direction.