OT: Update on Kaepernick/Reid Settlement
Both the WSJ and ESPN are reporting that Kaepernick and Reid's settlement was worth about $10 million total.
My speculation is that after attorney fees, the two will split around $7 million, and unsure who will get what amount.
That works out to a little over $300,000 per owner. I am sure Jerry Jones didn't think twice about moving forward on that settlement.
... cool, hook'em.
On this most gorgeous day of March Madness, you want to ruin it with NFL talk?
SHAME
Cue Septa Unella.
Worse - NFL talk that will almost assuredly devolve into politics.
Beat Montana
Let's go Bradley!
Thanks
Vermont gave it a good try.
I really have nothing to add but I'll leave this here...
So many great moments in that movie, this is definitely one of them!
Hey! It's Enrico Pallazzo!
For the owners, if those are the figures, a small price to pay to avoid what would have likely been an exceedingly painful process of discovery.
What a happy ending for all and probably less than what Robert Kraft paid in Florida for his last happy endings.
Bad post. Not even half good.
Auburn v NMSU was an awesome game. That's all.
3.5 million each for kneeling... guess colin gonna be shooting for that 20 million from the AAC. because the NFL sure doesn't want him.
Sealed confidentiality agreement. This writer is 90% making shit up.
The payment amount is split among 32 teams. All it takes is someone with access to the financials to leak it to the press and it's public. Not that hard to believe.
The Green Bay Packers are Publically owned team which mean it would have to be shown on their financial statement and a payment that large would stand out. so it would come out eventually.
You are wrong
March 22nd, 2019 at 12:10 AM ^
How so? https://en.wikipedia.org/wiki/Green_Bay_Packers,_Inc.
Was already stated by many ESPN and others than any payment towards the settlement would have to eventually show up on the green bay packer statements since they are public record as a publicly owned company.
https://www.msn.com/en-us/sports/nfl/kaepernicks-settlement-may-not-hav…
This article mentions it too.
The Packers release their financial reports publically yearly as a matter of public record. Which means any payment made would be on that expense report. and something 300k+ would be easily identifiable .
Maybe part of the settlement was having to pay their attorneys fees. I don't think it really matters at this point. It's over, time to move on.
Looks like pft and the sporting news had this pretty spot on back in the middle of Feb.:
Oh for fucks sake. Please shut the fuck up about this shit.
This was extortion from the beginning. They both knew there was no case, as did, Gerragos. They knew the NFL is very private and didn't want to go through having everything torn through during discovery. The NFL spends $10 million on supplies for the breakroom each year.
This settlement includes a separation clause which could be a problem for Kaepernick and Nike.
NFL spends more in taking out the trash. This was part of that trash payment.
I was hit in the back end one time. As is common knowledge in the insurance world, the person hitting in the back is always responsible. Regardless, they sued. They lost an initial meeting with some judge. So they changed their story, and went back at it. The insurance representative told me they had to pay half what the people were suing for, not because the people suing had a case, but just to get it ended. He said he saw that kind of thing before. And legal costs mount with the repeated meetings at courts. So just to get it done with, they paid half.
Financial reward in lawsuits does not always mean those suing had a real case.
As a litigator, the term for this is called "nuisance value." Basically, if you can settle the case for less than it could cost to defend it, it makes sense to just make the payment and move on. For example, if you can settle a nonsense claim for $20,000, but fighting it all the way and winning would cost you $35,000 in legal fees, plus other non-financial costs (embarrassment, time that you could spend doing other things, etc), it makes sense to just make the payment and move one.
Here, the NFL would have spend minimum $2-4 million litigating this case, and that's conservative. Probably more. Add in the cost of consultants, PR personnel and possibly even the loss of sponsors. Then there is the value to the NFL of just moving on from a very divisive issue.
Honest, as someone who has litigated high-dollar cases and advised companies facing reputation-impacting litigation, this settlement was basically BELOW nuisance value - the NFL would have paid significantly more to settle this claim and still would have been smart to do so.
I don't understand why someone would down vote this. Thanks for your insight.
This is very useful and common sense advice. But it really just goes to show how much of a drain on society some attorneys can be.
Accepting it means he'll never play in the NFL again, imo....not that I thought he ever would but that this cements it.
Didn't Reid just sign a new deal?
Talking about Kaep.
but will Kaep ever play another down in the NFL?
March 21st, 2019 at 10:45 PM ^
Last time he was in the league he was the back up on a 49ers team that was the worst team in football. So, no he is not good enough to play football in the NFL at this point in time.
WRONG. He threw 16 TDs to 4 INTs in his final season, in 2016.
Check to see when the last time Josh Johnson had played football before last year before you bring that weak ass argument. I'll answer it for you, it was 2012!
Josh Johnson. Mark Sanchez. Brian Hoyer. Geno Smith. Nathan Peterman. Brandon Weeden. RGIII. Matt Barkley. Brock Osweiler. EJ Manuel. Trevor Knight. David Fales.
You need me to keep going or you get the point?
Where the hell did that $80M figure come from?
Regardless, Kaep has that Nike money. If he's not a complete bonehead, he and his family will be secure for generations.
Fake Sports News!
March 21st, 2019 at 10:48 PM ^
I doubt he is making that kind of money from Nike. Even if he is good with his money, he has not made enough to secure a family for “generations”. Not even close.
This is a sports board, isn't it?
Nobody cares about Colin Kaepernick anymore.
Personally, I still haven't forgiven him for the 0-35 Nevada loss at Notre Dame from 2009.
You mean the $100 million story was fake news?