Rams Owner to Pay $571M of NFL Settlement with St. Louis
It took nearly 12 months, but it appears the NFL has finally figured out who will be footing the bill for the $790 million settlement that the league made with the city of St. Louis last November.
According to ESPN, the NFL’s 32 owners are set to approve a resolution Tuesday that will call for Kroenke to foot the bill for $571 million of the $790 million settlement. The rest of the money will be coming from the NFL’s 32 teams, who were somewhat surprised earlier this year when they found out they would be contributing to the bill. Back in May, the NFL deducted $7.5 million from each team’s revenue-sharing payment, and the league used that money to help pay the settlement.
The teams were surprised to lose that money because most of them were expecting Kroenke to foot the entire bill for the settlement. The issue has been a contentious one that has been hanging over the league’s head since the St. Louis settlement was originally announced Nov. 24.
