NFL team that paid retirees is going out of business
The NFL is in the midst of a $400 million lawsuit over pension benefits for retired players who are not eligible for the NFL’s annual incentive payments.
The NFL filed a lawsuit on Friday in federal court in Tampa, Florida, alleging that the team that pays retirees is not meeting its obligations to pay all of the $1.8 billion in pension benefits owed to retirees and that the plan violates the Americans with Disabilities Act.
In the lawsuit, filed in the U.S. District Court for the Southern District of Florida, NFL spokesman Brian McCarthy said the team has been paid by the NFL Players Association more than $500 million in total since the players were hired.
The league has said that if the lawsuit is successful, it will end the payments and end the lawsuit.
A spokeswoman for the union said it has not yet decided whether to appeal the decision.
The lawsuit claims that the NFLPA failed to meet its obligation to pay the entire pension of retired players, as required by law.
The payments were made after the NFL awarded the players a contract worth $1 billion in March 2020, and before the players had to pay a $50,000 penalty for failing to pay their pension.
The lawsuits was filed on behalf of the retired players and their spouses, who were eligible for those payments.