Tuesday, September 17, 2013

Friday, August 30, 2013

NFL Concussion Settlement By the Numbers

Yesterday, the NFL and former players who sued the League agreed in principle to resolve the pending litigation for $765 million.  The players' claims were based on the alleged cover-up of the effects of concussions and Traumatic Brain Injuries (TBI).  Here is the breakdown of the numbers:

SETTLEMENT:  $765 million (the players' attorneys fees also to be paid by NFL)
NUMBER OF YEARS FOR NFL TO PAY OUT SETTLEMENT:  20
NUMBER OF PLAINTIFFS:  4,500
NUMBER OF PLAYERS COVERED BY SETTLEMENT: 18,000
MAXIMUM AWARD FOR AN INDIVIDUAL PLAINTIFF:  $5 million
NFL REVENUE FOR 2012:  Approximately $10 billion
NFL TV CONTRACT:  $3.1 billion
MINIMUM LENGTH FOR EXISTENCE OF FUND FOR FUTURE PAYOUTS:  60
MINIMUM BALANCE FOR FUND FOR FUTURE PAYOUTS:  $50 million
2010 EARNINGS OF TOP 8 NFL OFFICIALS:  $51.5 million

Most importantly, the issues surrounding this case will not be brought to light in a court of law, and the public will never know when and what the NFL knew or should have known about concussions and TBIs.