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Tuesday, January 7, 2014

NFL concussion payout formula would provide up to $5 million per retired player

Today's post is shared from nola.com

Lawyers representing former NFL players in the proposed $765 million settlement of thousands of concussion-related claims detailed Monday how the money would be divided.
The awards could reach $5 million for athletes with amyotrophic lateral sclerosis, or Lou Gehrig's disease; $4 million for a death involving brain trauma; and $3 million for dementia cases.
Under the payout formula, those maximum awards would go to players under 45, who would likely need more lifetime care. For a man in his early 60s, the awards top out at $3 million for ALS and $950,000 for Alzheimer's disease. An 80-year-old with early dementia would get $25,000.
Individual awards would also reflect how long the player spent in the NFL, unrelated medical issues and other factors. For instance, the award could be reduced significantly if someone had injuries from an unrelated stroke or car accident. Men without any neurological problems would get baseline testing, and could seek compensation if test reveal any problems.
"This is an extraordinary settlement for retired NFL players and their families -- from those who suffer with severe neurocognitive illnesses today, to those who are currently healthy but fear they may develop symptoms decades into the future," lead players' lawyers...
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