The NFL Players Association (NFLPA) has settled its lawsuit with a group of over 2,000 former players who were seeking licensing fees related to videogames, trading cards and other products that featured their likenesses.
A jury decided in November that the NFLPA must pay $7.1 million for breaching its fiduciary duty to retired players whose likenesses were used in the Madden NFL series, while an additional $21 million was awarded in punitive damages.
At the time the NFLPA said it would appeal the decision, but it has now settled out of court for $26 million, netting the former players about $10,000 each after fees, reports The New York Times.
“They got a ten percent discount and we got our money now,” said Ronald S. Katz, the lead lawyer for the players. “A lot of them are elderly and a lot of them are ill, and for them to get this money is very substantial. To have the full amount years from now would not mean anything.”