TOM BRADY & CO. will settle $1 billion in fines and pay $1,500 million in legal costs for a series of videotaped public comments that allegedly violated the terms of their agreement with the NFL Players Association.
The settlement is the first for the NFLPA, which was founded in 1991 to address the perception that it was taking the sport too seriously.
NFLPA spokesman Paul DeFilippo said the NFL agreed to the settlement because the league is “pleased to have resolved this matter” and the parties agreed that the league would pay the penalties and legal costs.
Brady &Co. paid $1 million in fines in September for violating a collective bargaining agreement, while the NFL also agreed to pay a $5.5 million penalty for violating the league’s own collective bargaining deal.
The NFLPA is a nonprofit group that represents players and other players in professional sports.
It has been in negotiations with the league for years over the extent to which it will participate in the $2 billion Deflategate investigation, but it has not reached a deal.
Brady’s statement on the settlement announcement reads: The NFL and Tom Brady are pleased to have reached a settlement in the Deflagate matter.
We thank the NFL for its transparency and cooperation.
Tom Brady is pleased to settle the DeflateGate lawsuit, and we are pleased that the settlement resolves the issue.
We appreciate the NFL’s cooperation and commitment to fair play and fairness for all involved in the investigation.
The players are pleased with the settlement and are working with the parties to fully implement the settlement agreement, DeFanno said.
“This settlement resolves this case once and for all, and Tom is glad to have it resolved,” DeFannis said.
The agreement with Brady &co.
also includes an undisclosed $1-billion payment to the union and $750 million in a settlement with the union.
The $2-billion settlement was first reported by the New York Post on Thursday.
The Associated Press first reported the settlement on Thursday afternoon.
Brady issued a statement on Friday morning saying the agreement with New England is a “very good deal for our players and the game of football.
It was a fair settlement.
We’re pleased that it resolved the DeflatedGate lawsuit.
We look forward to working with our players in the future to continue our progress toward a new, more competitive game.”
DeFANNOS: NFL settles Deflategate lawsuit for $2.5 billion source NFL Nation title Tom Tom Brady, Mike McCarthy agree to pay $2B in fines for Deflatsgate article TOM ANDREWS, NEW ENGLAND PATRIOTS LEADERS and PATRIOT-HOMELAND SECURITY COMMISSION (NEDC) agreed to a $2,500-million settlement in federal court Friday that resolves a class action lawsuit brought by Tom Brady and other NFL players, officials and coaches over the deflation of footballs during the 2011 Super Bowl.
In a court filing, the league and its partners at the National Football League Players Association filed a motion seeking to dismiss the lawsuit and to allow it to proceed to trial, which is scheduled to begin next month.
In addition to Brady and McCarthy, the NFL will pay more than $1 BILLION in penalties and costs, including $900 million in court costs.
The lawsuit was filed in January 2016 by former players alleging that the NFL and other teams were conspiring to rig the game and tamper with the results.
The suit also alleged that officials were retaliating against the players for speaking out against their union, and that the team had misled the public about the deflation and other issues in the deflation scandal.
In April, the court denied Brady & co. motion for summary judgment and allowed the case to proceed in full.
The parties settled the case in July, after Brady said in a statement that the players had “satisfied all their obligations and I’m very pleased that they reached this settlement.”
NFL owners approved the deal in August after Brady agreed to accept a $1B penalty in return for a $3 billion settlement.
The Patriots and Packers have until December 20 to file their final paperwork with the court.
Brady and the players are expected to appeal.
“The settlement we reached today provides relief for the players and players’ families and we will now move forward to the trial,” Brady said.
It is the second settlement for the league in the last two years.
In January 2016, the New England Patriots reached a $500 million settlement with players, coaches and officials over the league-wide deflation scandal that resulted in the resignation of several NFL coaches.