NFL agrees to uncapped funds in revised concussion settlement
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The NFL and retired player plaintiffs announced a revised settlement agreement in the NFL concussion lawsuit on Wednesday, removing the cap for concussion damages.
A U.S. district court judge rejected an initial $765 million settlement after worrying about the award lasting across all potential claims. Wednesday's announcement removes any cap on financing medical benefits for former players, if those claims fall under the lawsuit and are proven.
"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," the plaintiff's attorneys said in a statement. "This settlement guarantees that these benefits will be there if needed."
In line with the initial settlement in August, the NFL will also "set up a separate fund to offer all eligible retirees a comprehensive medical exam and follow-up benefits, and an injury compensation fund for reitrees who have suffered cognitive impairment, including dementia, Alzheimer's, Parkinson's or ALS."
The league also vows $10 million for the education of concussion prevention.
But the give wasn't without some take, as Andrew Brandt points out.
In exchange for uncapping settlement, NFL received the right to 'audit' any claim. Measure to prevent bogus and frivolous claims.— Andrew Brandt (@adbrandt) June 25, 2014