The 2013 college football season is set to kick off at six p.m. Thursday, Aug. 29. Before then, however, the big boys enjoyed a bit of action; surrounded by lawyers, that is.
Sports Illustrated’s Peter King reported that the NFL and roughly 4,500 players suing over concussion-related issues reached a settlement that will pay the former players $765 million.
It sounds like quite a bit of money, doesn’t it?
Well, allow the cynics in us to present a double-digit dose of fun facts to help put this payout into perspective.
- The NFL receives $1.9 billion from ESPN every year, just to broadcast Monday Night Football. The 4,500 players will get 40-percent of that – once – for years of head trauma.
- The NFL as a whole made more than $9 billion just last season. Again, that is a lot of money – made off the head-to-head trauma of thousands of players.
- Nearly every NFL franchise is valued at $1 billion or more. This settlement translates to a mere $24 million payout for each.
- The settlement works out to roughly $150k-160k per plaintiff on average. Not exactly a lavish, multi-million dollar payout, despite the initial, “Holy cow, $765 million?!” sticker shock.
- Of the settlement, roughly $85 million will go towards research and treatment, hence the math on the above fact.
- Part of the settlement terms include that the NFL does not admit any liability or that injuries were caused by playing football.
- Junior Seau’s name was included in this lawsuit, meaning the price of a man who committed suicide due to extensive brain trauma has been officially defined by the settlement at right around $150,000.
- 10 members of the Pro Football Hall of Fame, including Seau, were named in the suit.
- In order to even collect a payment from the NFL, a player must establish that he has suffered “severe cognitive impairment” to a panel of three independent doctors.
- The league will pay out the settlement over the course of 20 years: Half to be paid in the first three years, and the remaining to be disbursed over the following 17 years.
This is not a confirmed fact, but it’s definitely true: At this point, NFL ownership gives just about as many “F’s” as this baller puppy:
That’s right, zero “F’s” given.