NFL, Former Players Settle Licensing Lawsuit, Establish $42M Fund

Discussion in 'NFL General Discussion' started by Sweets, Mar 18, 2013.

  1. Sweets

    Sweets All-Pro

    The NFL has agreed to pay $42 million as part of a settlement with a group of retired players who challenged the league over using their names and images without their permission, the Associated Press reports.

    Terms of the settlement were announced on Monday. The league will use the money to fund a trust over the next eight years that will benefit retired players. The settlement also establishes a new licensing agency for retired players to ensure they are compensated for the use of their identities in promotional materials.

    Source: The Redzone