User ID
Password
  Forgot User ID
or Register Today!
VegasInsider.com
Follow Us on Facebook Follow Us on Twitter Follow Us on Google+ VI Mobile Scores and Betting Odds
Home
NFL
NBA
NHL
MLB
NCAA FB
NCAA BK
Golf
Auto Racing
Horses
More
Betting Tools

 
Judge approves concussion settlement

New Sportsbook.ag customers: Make your 1st bet, get your 2nd bet free, 100%, winnings paid in cash.
Join Now

Already have an account? Click here to view new Exclusive Rewards!

A federal judge on Monday granted preliminary approval to a landmark deal that would compensate thousands of former NFL players for concussion-related claims.

Advertisement
The ruling by U.S. District Judge Anita Brody in Philadelphia came about two weeks after the NFL agreed to remove a $675 million cap on damages. Brody had previously questioned whether that would be enough money to pay all claims.

''A class action settlement that offers prompt relief is superior to the likely alternative - years of expensive, difficult, and uncertain litigation, with no assurance of recovery, while retired players' physical and mental conditions continue to deteriorate,'' Brody wrote.

More than 4,500 former players have filed suit, some accusing the league of fraud for its handling of concussions. They include former Dallas Cowboys running back Tony Dorsett and Super Bowl-winning Chicago Bears quarterback Jim McMahon, who suffers from dementia.

The settlement is designed to last at least 65 years and cover retirees who develop Lou Gehrig's disease and other neurological problems.

''This is an extraordinary settlement for retired NFL players and their families - from those who suffer with neuro-cognitive illnesses today, to those who are currently healthy but fear they may develop symptoms decades into the future,'' plaintiffs' attorneys Sol Weiss and Christopher Seeger said in a statement.

NFL senior vice president Anastasia Danias said in a statement that the league was ''grateful to Judge Brody for her guidance and her thoughtful analysis of the issues as reflected in the comprehensive opinion she issued today.''

The original settlement included $675 million for compensatory claims for players with neurological symptoms, $75 million for baseline testing and $10 million for medical research and education. The NFL would also pay an additional $112 million to the players' lawyers, for a total payout of more than $870 million.

The revised settlement eliminates the cap on overall damage claims but retains a payout formula for individual retirees that considers their age and illness. A young retiree with amyotrophic lateral sclerosis, or Lou Gehrig's disease, would receive $5 million, a 50-year-old with Alzheimer's disease would get $1.6 million and an 80-year-old with early dementia would get $25,000.

Even with the cap removed, both sides said they believe the NFL will spend no more than about $675 million on damage claims by ex-players.

Critics of the deal have said the league, with annual revenues approaching $10 billion, was getting off lightly. Lawyers for the plaintiffs said the settlement avoids the risk of a protracted legal battle.

A fairness hearing on the final settlement will be held Nov. 19.

AP NEWS
The Associated Press News Service

Copyright 2014
The Associated Press
All Rights Reserved

  
HEADLINES
Mejia: NFC Preseason Wrap
Mejia: AFC Preseason Wrap
Lawrence: Trends to Watch - September
Lawrence: 2014 NFC Season Preview
Marshall: Ravens rising up
Lawrence: 2014 AFC Season Preview
ASA: NFC North Notebook
ASA: NFC South Notebook
Marshall: Philadelphia Hype
MORE HEADLINES
 
Why Buy Picks From VegasInsider.com
NFL Pro Football Handicapper Sports Picks Records
NFL Hot Streaks
4-0 L4, 10-2 L12, 13-4 This Year
8-1 Last 9 NFL Run
7-1 L8 Guarantees, +950 This Year
6-0 Guaranteed Play Streak
6-1 L7 G-Plays, 11-5 L16 Picks
5-2 Guaranteed Play Record
NFL Pro Football Expert Sports Picks-
2014 NFL SEASON PICK RECORDS
Money Leaders
Handicapper Money
Antony Dinero + 950
James Manos + 850
Bruce Marshall + 630
Last Week's Leaders
Handicapper Money
No Games Last Week  
   
   
Percentage Leaders
Handicapper Pct
James Manos 76 %
Scott Pritchard 70 %
ASA 67 %
Guaranteed Leaders
Handicapper Money
Antony Dinero + 651
Scott Pritchard + 490
The Gold Sheet + 281
Over-Under Leaders
Handicapper Money
Antony Dinero + 873
Hank Goldberg + 600
ASA + 200
Member Leaders
Handicapper Money
John Fisher + 270
Antony Dinero + 228
ASA + 200
MORE PICK RECORDS
  
corner graphic
With a VI Gold Membership, you can SAVE 10% off a Live Odds subscription, SAVE 20% off Daily Pick packages, and receive access to up to 1,000 Member Plays each month!