Even NFL Players Need Settlement Advances

Posted on August 19, 2015 by Dan Christensen

Over 5,000 former athletes claimed that the National Football League (NFL) hid the dangers of concussions from them while they played for the sports organization. After years of suffering in silence, those players finally united and filed a massive lawsuit. Now these former NFL players need settlement advances as their case drags through the legal system.

Why Are Retired Players Suing The NFL?

The suit claimed damages against the NFL for conditions that may have developed as a result of concussions sustained on the football field. Some of those conditions include Parkinson’s disease, Alzheimer’s, and ALS, which are all incurable and hard to treat. The retired players, who usually left the sport at around the age of 30, claimed that their lives were diminished by the injuries they sustained while playing, and a federal judge agreed.

Why Do Retired NFL Players Need Settlement Advances?

Now it appears that the NFL may have to pay a $1 billion settlement, but the NFL still has the right to appeal the ruling, which could take over a year. Many of these former players don’t have the riches that some superstar players make, and some spent what they had left on legal fees for the case. This has made money for living expenses hard to come by, but many of these players are finding relief in the form of consumer legal funding.

Consumer legal funders provide cash to help victims of personal injury get by while their cases are still dragging through the court system. The advances are nonrecourse, which means victims do not have to pay the money back, unless they receive a favorable settlement or verdict. The funders here at Beacon can provide up to $50,000 to help the victims of personal injury and workplace accidents. We help personal injury victims when they are in dire financial trouble.

Beacon Legal Funding—Providing Funding Solutions



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