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VIDEO: NFL reaches $765 million settlement; Did players get enough?

The NFL has reached a $765-million settlement with 4,500 former players, who were suing over concussion-related reasons.



The National Football League has reached a proposed $765-million settlement with 4,500 former players, who were suing over concussion-related reasons. The settlement is awaiting approval by U.S. District Court Judge Anita Brody.

(*The video above is courtesy of SendToNews.com and provided by the NFL Network.)

If passed, the settlement would work out to $170,000 on average, per player.

“The benefits in this agreement will make a difference not only for me and my family, but also for thousands of my football brothers who either need help today or may need help someday in the future,” said former NFL running back Kevin Turner (CBS Sports). “I am grateful that the NFL is making a commitment to the men who made the game what it is today.”

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However, many are saying the NFL clearly came out winners in the deal, including Sports Illustrated‘s Peter King, who was the first to break the story.

“The NFL’s nuclear-winter scenario has vanished – and when the final bills get counted, the settlement of the concussion lawsuit will cost each team about $30 million,” wrote King.

“All things considered, that’s a very fair deal to buy peace of mind for the next decade.

“In essence, the league won. A bill of $30 million per franchise comes to about 10 per cent of the average franchise’s 2013 revenue, which Forbes placed at $286 million. That’s probably less than most owners felt they’d end up having to pay in a settlement with the plaintiffs – and certainly less than they’d have had to pay as losers in the concussion lawsuit.”

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