Los Angeles Rams chief operating officer Kevin Demoff has signed a settlement that could mean up to $24 million in compensation for personal seat license-holders in St. Louis left in the lurch when the team left in 2016, court filings Wednesday say.
Lawyers on both sides of the case filed a status report that included the signature and said a motion to approve the settlement was now "ripe" for a ruling by U.S. District Judge Stephen N. Limbaugh Jr. The report says the Rams have hired a claims administrator who is ready to start notifying PSL holders.
One of the firms representing owners said that once the settlement is approved, PSL owners should hear about it within three weeks, either by mail, email or in the media. The Rams have roughly 85 percent of PSL owners' email addresses, the lawyers said, and "virtually every mailing address." A company paid by the Rams will set up a website where owners can apply for refunds, although it could take months for owners to get their checks from the Rams.
The suit was filed shortly after the NFL approved the Rams' relocation. As part of the settlement, the Rams also agreed to pay up to $7.4 million in attorney fees and expenses.
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