At Philadelphia, a federal judge has approved a settlement agreement that may cost the NFL $1 billion for over 65 years to resolved thousands of concussion lawsuits.
It is said that the NFL have been subject to many criticism for the past years as more knowledge of the long-term dangers associated with concussions and repeated brain trauma has come to the foreground and more players have suffered after their playing careers ended. It is said that the NFL has been blamed for hiding it so they can get the players back on the field as soon as possible.
The awards for those diagnosed with Parkinson’s disease or Lou Gehrig’s disease in their 30’s and 40’s, or for deaths involving chronic brain trauma, could reach to $1 million up to $5 million. But the deal has been criticized by many players saying that the covered diseases were too few.
If the football players have argued that the settlement will help families get the needed financial awards or medical exams that might take years when the case went to trial.
Lawyers said that the $1 billion sum is a high number without context, but when you consider the NFL has annual profits of $10 billion, it would be perceived by critics of the settlement that the league got off easy.
While the next generation of football players are willing to sacrifice their bodies and long-term care, the NFL will continue to earn a lot of cash.
The settlement approval that happened a week before the NFL draft, ended a nearly four-year legal fight. Lawyers stated that, “Today these courageous men and their families have made history.”
NFL general counsel Jeff Pash said “ Retirees and their families will be eligible for prompt and substantial benefits and will avoid years of costly litigation that would have an uncertain prospect of success.