According to the NFL, the previously negotiated settlement cap of $675 million on damages from thousands of concussion-related claims has been removed. The revised agreement provides a wide range of benefits to retired NFL players and their families. It also includes an injury compensation fund for retirees who have suffered cognitive impairment, including dementia, Alzheimer’s, Parkinson’s or ALS.
“This agreement will give retired players and their families immediate help if they suffer from a qualifying neurocognitive illness, and provide peace of
mind to those who fear they may develop a condition in the future,” said co-lead plaintiffs’ counsel Christopher Seeger and Sol Weiss. “This settlement guarantees that these benefits will be there if needed, and does so without years of litigation that may have left many retired players without any recourse.”The agreement also states that the NFL will set aside $10 million for education on concussion prevention, as well as pay the costs of providing notice to the class. If the Court grants preliminary approval, retired players will be formally notified of the settlement, with a final approval hearing likely to occur later this year.