NFL Settles Concussion Lawsuit for $765 Million

NFL Settles Concussion Lawsuit for $765 Million

Is it me, or does this seem like a win for the National Football League?

For the relatively low price of $765 million – just south of $24 million per owner, which works out to roughly 20% of this season’s salary cap – the NFL was able to settle their lawsuit with over 4,500 former players who argued the league knowingly conspired to conceal the long-term risks associated with concussions for decades. The settlement works out to an average of $170,000 per player.

On top of parting with a fraction of their yearly profits, from a public relations standpoint the league should be able to finally put this issue to rest, while likely avoiding the release of testimony that could have done irreparable damage to the shield’s image.

Here are some of the pertinent details via the Associated Press:

The NFL and more than 4,500 former players want to resolve concussion-related lawsuits with a $765 million settlement that would fund medical exams, concussion-related compensation and medical research, a federal judge said Thursday.

The settlement likely means the NFL won't have to disclose internal files about what it knew, when, about concussion-linked brain problems. Lawyers had been eager to learn, for instance, about the workings of the league's Mild Traumatic Brain Injury Committee, which was led for more than a decade by a rheumatologist.

Deadspin has more specifics on how the money will be doled out:

Of the settlement, $675 million will go directly to the former players and their families, $75 million to medical exams, and the rest for research. The money will be paid in installments over 20 years, with half coming in the first three years. Because this is a consolidation and not a class action suit, not all players will receive the same amount of money—it will be distributed on a case-by-case basis.

The good news is that thousands of professional athletes who were perhaps misled and as a direct result may have done irreparable harm to their brains will receive compensation and/or medical care thanks to this settlement. The NFL putting additional money toward researching brain trauma is a plus as well, and it’s something they should continue to do voluntarily.

Can’t help but feel like maybe they got off a little easy though considering the damage that’s been alleged. It should be interesting to see how this news is received in the football community, and if the story really will be shifted to the backburner with the suit finally resolved.

>> NFL, players reach $765M concussion settlement [AP]
>> NFL Settles Concussion Lawsuit From Former Players [Deadspin]

TicketIQ: Penn State to face USC in most expensive Rose Bowl this decade

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TicketIQ: Penn State to face USC in most expensive Rose Bowl this decade

Editor's Note: The following is sponsored content written by TicketIQ.

Penn State is headed to the Rose Bowl Game, and it will cost a pretty penny to be on hand in Pasadena on January 2.

With a statement win over Wisconsin in the Big Ten Championship Game Penn State clinched their first Rose Bowl berth since 2009. The No. 5 school in the nation will face No. 9 USC in a rematch from seven years ago. Such a long absence for both schools in the bowl game is driving resale ticket prices to new heights, so much so that the Rose Bowl Game will be the most expensive bowl game this season – including the two Semifinal games.

On TicketIQ, an event ticket search engine that pools tickets and data from over 90 percent of the secondary market, the average resale price for Rose Bowl Game tickets is now $804. Not only does that make it the most expensive Rose Bowl since at least 2010, but also the priciest bowl game of the last seven seasons. If looking just to get in on January 2 the cheapest tickets are now priced from $346 each.

The showdown between Penn State and USC is so expensive that it will be more than twice the average price of both Semifinal games. As it stands now the resale average for Peach Bowl tickets between Alabama and Washington at Georgia Dome is $389 with a get-in price of $185. Clemson and Ohio State will clash in the Fiesta Bowl to the tune of a $241 average and $71 get-in price.

Prices are so high for this year’s game in Pasadena that they rival the 2015 National Championship Game. The first-ever Championship Game under the new College Football Playoff system, that year’s game between Ohio State and Oregon averaged a $858 ticket and $317 get-in price.

While Penn State fans, students and alumni raced to snag tickets during the general on sale, prices were quick to skyrocket on the secondary market following the school’s invitation to the Rose Bowl Game. On Saturday afternoon, several hours before the Big Ten Championship kickoff, Rose Bowl tickets were averaging under $600, marking a nearly 40 percent increase since that time. The cheapest resale ticket price has jumped more than $100 since Saturday, climbing from its $245 price tag since.