Yesterday it was announced that EA Sports and the Collegiate Licensing Company had settled a lawsuit involving thousands of players and the use of their likenesses in video games.
For those who thought the settlement would be a windfall for former and current players, think again.
Both the New York Times and ESPN.com are reporting that the two sides of the suit reached an agreement that will see EA Sports and CLC pay $40 million as a settlement. While that sounds like a jackpot, the devil is in the details.
According to ESPN.com, somewhere between 200,000 and 300,000 current and former football players will be entitled to a piece of the settlement. If it’s a straight split between all of the players involved, and it’s at the high-end of the number of individuals involved, it would result in each player receiving a whopping $133.33; the low-end would mean $200…
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