PHILADELPHIA (CBSNewYork/AP) — A federal judge has approved a potential $1 billion plan to resolve thousands of NFL concussion lawsuits filed by retired players.
The NFL expects 6,000 of nearly 20,000 retired players to suffer from Alzheimer’s disease or moderate dementia someday. The settlement approved by a federal judge Wednesday would pay them an average $190,000.READ MORE: Investigation Underway Following Police-Involved Shooting In Wakefield Section Of Bronx
The awards could reach $1 million to $5 million for younger men diagnosed with Parkinson’s or Lou Gehrig’s disease, or for chronic brain trauma-related deaths.
The lawsuits accuse the league of hiding what it knew about concussion risks. The NFL denies the claims.
“Today’s decision powerfully underscores the fairness and propriety of this historic settlement,” Jeff Pash, NFL executive vice president/general counsel said in a statement. “As a result of the settlement, retirees and their families will be eligible for prompt and substantial benefits and will avoid years of costly litigation that – as Judge Brody’s comprehensive opinion makes clear – would have an uncertain prospect of success.READ MORE: 2 Dozen Members Of Military Begin Serving As Pandemic Reinforcements At Newark's University Hospital
“We appreciate the careful supervision provided by Judge Brody, as well as the assistance provided by her appointees, former district judge Layn Phillips and Special Master Perry Golkin. We look forward to implementing the terms of the settlement and continuing to work with our players, coaches and medical staffs to enhance the safety and benefits of football.”
Players’ lawyers say the settlement will help families get money or medical testing sooner than if the case went to trial.
The deal could cost the NFL more than $1 billion over 65 years.MORE NEWS: Police: Another Dog Killed In Bear Attack In Sparta, N.J.
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