NFL Settles Lawsuit with St. Louis for $790 Million

(FoxNews) K STAMPEDE, CA – In an announcement made Thursday, it was announced that the National Football League (NFL) and St. Louis Rams would be settling the lawsuit for $790 million.

The NFL will now pay $550 million to the City of St. Louis as compensation for the forced relocation of the Rams in December 2013. The balance of $270 million will be paid by the NFL through the sale of unsold ticket revenue from 2014 to 2019.

On December 27, 2013, the original St. Louis Rams moved to Los Angeles to join the newly-rebranded Los Angeles Rams for the 2015 season.

“I want to thank owner Stan Kroenke for working cooperatively with me to resolve this matter, and give the St. Louis region another opportunity to shine on the national stage,” said St. Louis Mayor Francis Slay in a statement. “In a city that treasures its championship sports teams, we are gratified that Stan would allow the Rams to continue to call St. Louis home for the next 60 years. I want to congratulate the Rams organization for reaching this settlement, and their new commitment to returning to St. Louis for good.”

“I would like to thank the NFL, the Rams, the City of St. Louis and the Missouri Department of Revenue for working collaboratively to put this agreement together,” said Roger Goodell, Commissioner of the NFL. “I would also like to thank Mayor Slay for taking a leadership role and getting us to this point. With our new stadium project in the works, this agreement now allows the NFL and the fans of St. Louis to look forward to a new era of Rams football.”

The lawsuit was filed against St. Louis Mayor Francis Slay, former Mayor Francis Slay, the St. Louis City Council, former St. Louis Rams Owner Georgia Frontiere, D&R Holdings, Inc., who owned a majority of the Rams, and Behm Construction Company, who was responsible for the renovation of the Edward Jones Dome.

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