Last month, former San Francisco 49ers quarterback Colin Kaepernick and Carolina Panthers safety Eric Reid reached a settlement in their collusion grievance against the NFL.
At the time, Kaepernick's lawyer, Mark Geragos, and the NFL released a joint statement, in which they announced the terms of the settlement would not be revealed due to a confidentiality agreement.
"For the past several months, counsel for Mr. Kaepernick and Mr. Reid have engaged in an ongoing dialogue with representatives of the NFL. As a result of those discussions, the parties have decided to resolve the pending grievances. The resolution of this matter is subject to a confidentiality agreement so there will be no further comment by any party."
However, the Wall Street Journal reports that Kaepernick and Reid will receive less than $10 million total.
https://twitter.com/_/status/1108795936220856320
According to the Wall Street Journal report, it's not clear how the money will be split and how much Kaepernick and Reid will net after legal fees, but it's far less than the tens of millions of dollars that some had projected they'd receive.
For instance, The Athletic's Darren Rovell figured Kaepernick would likely receive more money than he ever would have made in his career if it never happened. To put things in perspective, Kaepernick's base salary in 2016 alone was nearly $12 million, according to ESPN.
Kaepernick, 31, opted out of his contract with the 49ers in March 2017, and has hardly received any interest from teams since. Meanwhile, Reid signed with the Panthers during the 2018 season and he inked a $22 million, 3-year extension with the team in February.
https://twitter.com/_/status/1108796615148687361
