Concussion Lawsuit Settlement

[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.

[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.