So, what happens with the $765-million concussion settlement, now that the NFL and more than 4,500 retired players have reached an accord?
Once the final documentation is complete, the settlement will be filed with Judge Anita B. Brody, who is presiding over these cases in federal court in Philadelphia. She will then schedule a hearing to consider whether to grant preliminary approval.
If the settlement receives that approval, the retired players will receive official notification and have an opportunity to file objections to the settlement.
According to the agreement, the settlement is not an admission of liability by the league.
The NFL has agreed to make the following payments over the next 20 years:
(A) Baseline medical exams, the cost of which will be capped at $75 million;
(B) A separate fund of $675 million to compensate former players who have suffered cognitive injury or their families;
(C) A separate research and education fund of $10 million;
(D) The costs of notice to the members of the class, which will not exceed $4 million;
(E) $2 million, representing one-half of the compensation of the Settlement Administrator for a period of 20 years; and