A PYMNTS Company

US: Kaepernick, Reid settle NFL collusion suit

 |  February 19, 2019

The NFL and lawyers for Colin Kaepernick and Eric Reid announced hat the two parties have reached a resolution in the players’ collusion lawsuit against the league. Kaepernick and Reid filed a grievance in 2017 claiming NFL team owners were colluding to keep them off of NFL rosters.

“For the past several months, counsel for Mr. Kaepernick and Mr. Reid have engaged in an ongoing dialogue with representatives of the NFL,” both parties said in a joint statement. “As a result of those discussions, the parties have decided to resolve the pending grievances. The resolution of this matter is subject to a confidentiality agreement so there will be no further comment by any party.”

All parties are prevented from revealing details of the settlement, by the settlement’s terms, but various news reports put the settlement between $60 million and $80 million split between the two players. Those reports are, of course, unconfirmed.

Full Content: Law 360 & CBS News

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.