• Loading stock data...
Wednesday, April 24, 2024
  • -
    days
  • -
    hours
  • -
    minutes
  • -
    seconds

NFL Owners ‘Surprised’ By $232.5M in Rams Settlement Charges

Rams
Mark J. Rebilas-USA TODAY Sports

The NFL agreed to pay $790 million in November to end a legal dispute over the Rams’ relocation from St. Louis to Los Angeles back in 2016. 

The amount is the most the NFL has ever paid to settle litigation, and details about where the money came from are now starting to emerge.

Filed in 2017 by St. Louis, St. Louis County, and the St. Louis Regional Convention and Sports Complex Authority, the lawsuit alleged the league broke its own relocation rules when the Rams moved. 

Rams owner Stan Kroenke agreed to indemnify the league before other NFL owners approved the team’s move in 2016, but wavered on his promises shortly before the trial started on Jan. 10, 2022. Kroenke previously attempted to settle the suit for $100 million.

Instead, the NFL settled and Kroenke’s counterparts paid a portion of it. The league has reportedly taken $7.5 million from the other 31 teams — totaling $232.5 million — a “surprise” to the owners, who are left with questions about their budgets. The Athletic reported that the rest likely came from the NFL’s financial reserves.

  • The owners reportedly still don’t know if the money will be returned from the league.
  • Kroenke continues to resist pressure to pay the sum, arguing that legal costs and settlement payments are different.

Owners Divided

New York Giants owner John Mara said last year that if Kroenke hadn’t agreed to indemnify it, owners wouldn’t have voted in favor of the move. Other owners, including the Dallas Cowboys’ Jerry Jones, advocated for the Rams’ move.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

NFL Draft Offers Detroit a Chance to Inspire Hope for City and Team

More than 300,000 people are expected to descend on the city for the major NFL event.

It’s Not the Super Bowl, but Hosting the NFL Draft Is the Next Best Thing

Cities that won’t ever host the Big Game can still win big with the league’s other annual traveling road show.

Saudi Arabia’s Latest Sports Ambassador Is Deshaun Watson

The quarterback was in Saudi Arabia to promote American football and meet with royalty.

The NBA’s Media Rights Renewal Talks: Here’s What We Know

ESPN and TNT have the right to match outside bids in the NBA’s ongoing national rights negotiations.
podcast thumbnail mobile
Front Office Sports Today

Austin Ekeler on NFL Free Agency Drama

0:00
0:00

Featured Today

Everything You Need To Know About the Legal Attempts To Kill the ACC

Four lawsuits involving the conference, Clemson, and FSU could determine the future.
April 20, 2024

A Bare-Knuckle Fighter Won His Pro Debut. The Far Right Scored a Marketing Win

With Proud Boys sponsoring him, experts say extremist groups will use his success to elevate their ideologies and recruit new believers.
April 7, 2024

Women’s Basketball Finally Has a TV Deal to Match the Excitement. Now What?

A lucrative new media-rights contract could rectify problems of the past, but the future of March Madness media rights is anyone’s guess.
Mar 16, 2024; Washington, D.C., USA; North Carolina State Wolfpack forward DJ Burns Jr. (30) cuts the net after defeating the North Carolina Tar Heels for the ACC Conference Championship at Capital One Arena.
April 6, 2024

How Two College Seniors Helped DJ Burns Cash In on a Final Four Run

Two college seniors are facilitating deals for NC State’s big man.

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Live Nation
Multiple - USA Careers
Adidas
Multiple - USA Careers
FanDuel
Multiple - USA Careers

‘Baseless Corporate Conspiracy’: Hedge Fund Heats Up Feud Between NBA Owners

The Mat Ishbia–Dan Gilbert feud has exploded into view this week.
March 14, 2024

Chiefs’ President Threatens Team Could Leave Kansas City If Voters Don’t Give It Money

The Hunt family’s cheapness continues to show after Super Bowl title.
March 25, 2024

Tony Clark Appears to Be Winning Fight Over Baseball’s Union

Some players had recently called for the removal of Clark’s top negotiator.
Sponsored

Rapid Returns: How Technology Is Getting You Back to Your Seat

How Oracle’s POS technology is helping fans get back to their seats faster.
IRS
February 15, 2024

IRS to Start Auditing Sports Owners

Audit increase comes with the agency’s increased enforcement budget.
Theo Epstein
February 2, 2024

Theo Epstein Returns Home, Joins Fenway Sports Group

The 50-year-old will serve as a senior adviser to the ownership group.
January 24, 2024

Former Tottenham Owner Pleads Guilty to Insider Trading Charges

Tottenham is worth $2.8 billion and owned by Lewis’s family trust.
Mark Cuban and Dallas Mavericks.
November 28, 2023

Adelson Family Freed Up $2B To Reportedly Buy Stake In Dallas Mavericks

Miriam Adelson is selling a portion of her Las Vegas Sands Corp stock.