NFL, city of St. Louis agree to $790 million settlement in Rams relocation lawsuit: Report

The NFL and Rams owner Stan Kroenke have reached a $790 million settlement with the city of St. Louis in a lawsuit over the team’s relocation to Los Angeles, according to a St. Louis Post-Dispatch report. An announcement is expected Wednesday.

According to the report, lawyers representing both sides met Tuesday in St. Louis to hammer out the deal. Negotiations and the informing of other owners went late into the night. This may have been the last chance for the sides to reach an agreement to avoid a public trial slated for January.

“Today, St. Louis City, County, and the Regional Convention and Sports Complex Authority signed a $790 million settlement agreement with Rams owner Stan Kroenke and the National Football League,” the City of St. Louis said in a statement. “This historic agreement closes a long chapter for our region, securing hundreds of millions of dollars for our communities while avoiding the uncertainty of the trial and appellate process. The City, County, and STLRSA are still determining how settlement funds will be allocated. We will provide more updates as they become available.”

The Rams and other NFL owners have been embroiled in a four-year lawsuit filed by the St. Louis Regional Convention and Sports Complex Authority, which argued that the league broke its own relocation guidelines, misled the public on its plans to leave the city and cost the city millions in revenue. The NFL has lost many of its motions and was denied a hearing in the U.S. Supreme Court.

Last week, Kroenke threatened to settle separately and leave the NFL on its own in a January trial, according to a report from the Sports Business Journal. In an email to league officials, other owners and their lawyers, Kroenke’s representatives said they want to settle the case for between $500 million and $750 million, per the report.

Kroenke’s reps also said in the email that they can’t take the risk that the costs won’t be shared. They also said they can’t risk a trial that would lead to a mega-verdict against all teams and the league, which NFL lawyers argue would be indemnified by the Rams.

The case has included all 32 teams and cost millions in legal fees, which mostly have been covered by Kroenke.

(Photo: Ronald Martinez / Getty Images)

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