Is the NFL Concussion Settlement a Good Deal?
Tuesday, January 07, 2014
Lawyers unveiled a $765 million settlement in a class-action suit that would be split potentially among thousands of former NFL players suffering from Lou Gehrig's Disease, brain trauma and dementia.
But should former football players take the deal?
Mark Fainuru-Wada, an investigative reporter for ESPN says...maybe. His book League of Denial chronicled the NFL's response to evidence that playing football leads to neurological damage.
"The larger question is really around whether there's actually enough money in the pie to cover the number of players who are suffering, and I just don't think we know the answer to that yet," he said. "During the reporting for League of Denial, it became clear that there are a lot of players who are suffering from neuro-cognitive issues."
The settlement covers around 18 thousand retired players and families of deceased players; current players aren't eligible to be included.
"It's a 10 billion dollar industry," Fainuru-Wada added. "The money is nothing to sneeze at, but it's a drop in the bucket compared to what the league makes."
Fainuru-Wada said the settlement still needs to be approved by a Philadelphia judge before players can decide whether to opt in or out, though he says he expects some players will eventually opt out and file their own suits.
With The Associated Press