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Current and future players will pay for the concussion settlement, indirectly

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For many civil lawsuits, the cost of the settlement is passed along to the customers.  The cost of the NFL’s concussion lawsuit will likely be passed along to the employees.

The devil in this one resides, as it usually does, in the details.  The documents released on Thursday indicate that, once the settlement receives final approval, half of the $765 million settlement will be paid over three years, with the rest paid over the next 17 years.

That’s a total payment of $23.9 million per team — over 20 years.  For the first three years, each team will pay $3.984 million per year.  For the next 17 years after that, each team will pay $703,125 per year.

So where will money that, for the first three years, looks like the salary of one starting-caliber player and, for the next 17, looks like the pay given to an unproven rookie come from?

For each team, the easy solution is to add those amounts to the internal player budget, and in turn to set less money aside each year for players based on the money to go to the concussion lawsuits.

Coincidentally, the NFLPA plans no comment on the concussion settlement because the NFLPA wasn’t a party to any of the cases.  While the union wasn’t sued, it’s safe to say that its rank-and-rile in a roundabout way will be funding the settlement.

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24 Responses to “Current and future players will pay for the concussion settlement, indirectly”
  1. jeffsnow7 says: Aug 29, 2013 2:21 PM

    via unnecessary fines…

  2. reporterofthetruth says: Aug 29, 2013 2:25 PM

    But, but, but……

  3. onlythebest36 says: Aug 29, 2013 2:26 PM

    That’s where my change bag went. Wheww, I was getting worried there for a minute.

  4. commonsensedude says: Aug 29, 2013 2:28 PM

    Take half of the money out of Goodell’s salary and the other half out of the arbitrary fines he constantly imposes on players. (“$10,000 for RG3 wearing an unauthorized T-shirt? Here you go, Art Monk – put the money to some good use!”)

  5. steelerconsensus says: Aug 29, 2013 2:28 PM

    The NFL owns you.

  6. bucup says: Aug 29, 2013 2:30 PM

    As if they need anymore money. They play a game for a living…..

  7. colv says: Aug 29, 2013 2:36 PM

    I just said this in another comment about the safety of the game. Still believe the cost per team will be passed to the fans. You and me.
    “Flag football is my choice but its more physical then touch so touch is this where the NFL is going. All kidding aside the NFL needs to make sure safety is paramount. Also just read the buyout offer to players suing them. Where do you think that money comes from—the fans that pay for tickets, Direct TV, merchandise. No skin out of the billionaire owners pockets. Maybe it’s time to watch amateur sports.”

  8. firstclasspack says: Aug 29, 2013 2:41 PM

    You are way off base on that. The players won’t suffer from this…the fan will. The NFL teams will just raise prices to cover their damages. I doubt any team is going to spend less of their salary cap to compensate for this lawsuit. That would be just plain silly.

  9. sasattack says: Aug 29, 2013 2:49 PM

    No Mike, we fans will ultimately pay it!

  10. filthymcgnarly1 says: Aug 29, 2013 2:57 PM

    I with the affected players well, and would like to now get back to actual football.

  11. mwatts1 says: Aug 29, 2013 2:58 PM

    I wonder how millionaires like Daunte Culpepper and Clinton Portis are going to spend their “share”… I’m guessing a new chain or rims for their Bentley.

  12. westampa says: Aug 29, 2013 3:01 PM

    So I would assume ticket, concession, and merch prices to go up soon.

  13. conormacleod says: Aug 29, 2013 3:06 PM

    The old guys that never made much money are getting a small portion from the new guys that are cashing in. Sounds about right to me.

  14. Punk says: Aug 29, 2013 3:09 PM

    That isn’t safe to say and is a gross assumption. That small amount of money from a teas coffers could come from any number of sources outside of player salaries.

    Fines for cursing or being late for meetings, vending machines, parking.

    But we know where it will REALLY come from…. Here, let me give you my two cents now.

  15. mrlaloosh says: Aug 29, 2013 3:21 PM

    All fans better hold on to their wallets. That’s who will pay fir this joke of a ruling. Not the players and certainly not the owners.

  16. beerndrums says: Aug 29, 2013 3:24 PM

    You signed up to play a sport that you knew was a little dangerous and you could get hurt…..but now you want to be compensated?
    It’s a good thing the NFL isn’t in charge of the Military

  17. nflpoker says: Aug 29, 2013 3:49 PM

    The NFL came out smelling like a rose. Even though each player gets $170k, spreading it out over 20 years and accounting for inflation, the amount the players get in real money is close to nothing. The lawyers on the other hand, . .

    As time goes on, the NFL will be making more money each year, so the settlement payment for each year, in reality, gets to smaller and smaller.

  18. 4thqtrsaint says: Aug 29, 2013 4:16 PM

    Tickets & jerseys just went up in price.

  19. firstroyal says: Aug 29, 2013 4:23 PM

    nflpoker says:
    The NFL came out smelling like a rose. Even though each player gets $170k, spreading it out over 20 years and accounting for inflation, the amount the players get in real money is close to nothing. The lawyers on the other hand, . .

    As time goes on, the NFL will be making more money each year, so the settlement payment for each year, in reality, gets to smaller and smaller
    ——-

    Then please, oh please could you give me close to nothing.

    Who would have thought I get close to nothing for three years of working and countless hours of overtime

  20. firstroyal says: Aug 29, 2013 4:46 PM

    4thqtrsaint says:Aug 29, 2013 4:16 PM

    Tickets & jerseys just went up in price.

    ——————————–

    “He dad, at halftime can I get a hotdog?”

    “Sure, here is ten bucks.”

    “But dad, ten bucks doesnt buy anything anymore.”

    “Oh, then give me my ten bucks back”

    ——————————-
    Raising prices for concessions, jerseys, small merch sometimes has the reverse outcome- they lose money.

    but for tickets, the well off can snatch up what you wont buy. The NFL would be better off robbing payton to pay jerry.

  21. FinFan68 says: Aug 29, 2013 4:46 PM

    I bet the players won’t be saying “We’re partners!” any more.

  22. bigjd says: Aug 29, 2013 4:50 PM

    John Mara thinks the money should come out of the Redskins cap space.

  23. greyhawk9 says: Aug 29, 2013 4:59 PM

    I’m confused as to how the nfls billionaire ownership avoided losing any of their own precious cash

  24. dallascowboysdishingthereal says: Aug 30, 2013 1:36 PM

    So what about the players playing currently? Who takes care of them? Are they considered safe?

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