This is the 4-page final settlement agreement that was signed by Judge William Alsup in San Francisco on Nov. 23, 2009.
(The crew over at DocStoc have added some great new features: Click on the FULL SCREEN button to enlarge it for easier navigation – hit the ESC key to close. You can also click the DOWNLOAD button to save a PDF copy for printing and reading. There’s also a Menu button in the upper left corner with even more options.) .
… And here’s the 12-page Summary from Judge Alsup covering Attorneys’ Fees, costs and compensation for the class representative. Everything Bernie Parrish has pointed out is covered in this document …and more. (Ouch!)
After what seems like an eternity, Manett Phelps & Phillips and McKool Smith filed Motions in the Parrish, Adderley, Roberts vs. the NFLPA/Players Inc. class action lawsuit late last week for final review and court approval on August 20, 2009 by Judge Alsup. The documents just became available online so we’ve loaded them up on DocStoc once again for easier viewing and searching. The main part of the Motion outlines the basics of the case and subsequent settlement. The Exhibits outline the payment plan and schedules with the first payment scheduled for July 13, 2009 (they’ll miss that one!) and the second set for June 5, 2010.
It’s always interesting digging into the details: Turns out the settlement will be managed and distributed by Garden City Group which just happens to be right here in Seattle. Half of the funds (around $13 million) were placed into escrow on July 13th, the day this Motion was apparently filed. And then barring no problems, the balance will be placed into escrow on June 5, 2010 for distribution shortly after that. Another interesting detail from Page 7 of Exhibit 1: Players who elected to Opt-Out John Baker, Richard Yelvington, Lynn Chandnois, John Demarie, Dan Goich, Daniel Direnzo, James “Scottie” Graham, Deacon Jones, Steve Largent, Brig Owens, Ben Pucci, Donald Testerman and Andre Collins were all excluded from suit.
If there was ever a story that probably comes close to describing NFLPA Executive Director DeMaurice Smith’s journey to his new office, it would have to be the old movie classic, Mr. Smith Goes to Washington (read about it on IMDb HERE). IMDb summarizes it this way: “A naive man is appointed to fill a vacancy in the US Senate. His plans promptly collide with political corruption, but he doesn’t back down.” And if you’ve never seen the movie, this is one classic well worth watching. (Click on the poster to enlarge it for better viewing and printing.)
I have stood on the sidelines long enough to see how corrupt the NFLPA is to the players that gave this game the foundation that carries forth so that today the generation of active players can make millions of dollars.
More than a few of us took offense to departed Gene Upshaw’s dog food comment used in reference to the NFLPA’s marketing efforts for retired players. Even Judge Alsup managed to include them in his final ruling earlier this month (clickHEREto read about it).
There’s been a lot of discussion on the need for a first meeting for retired players and several groups and individuals have been trying to get that organized. This won’t be a small feat. Logistics, costs and last but not least – egos – will need to be managed and accommodated.
But in the end, few people will deny that any steps forward will be a step in the right direction. Here’s an e-mail that Bob Grant had sent out in late November asking for players to sign up as well as to send their comments. We’ve also posted a simple form at the end of Bob’s request that’s easy to fill in and submit. Your information will not be sold or distributed to anyone else or used for any other purpose. (If you already filled out the form on this earlier postHERE, there’s no need to submit your information again – thanks!).
