ESPN- ST. LOUIS — The NFL and Rams owner Stan Kroenke will pay $790 million to settle a lawsuit filed by St. Louis interests over the team’s relocation to Los Angeles, a joint statement from St. Louis city and county said Wednesday.
The settlement does not include a promise from the NFL to grant St. Louis an expansion franchise in the future, a source familiar with the agreement told ESPN, confirming a report by the St. Louis Post-Dispatch. That idea wasn’t seriously discussed, the source told ESPN.
It wasn’t immediately clear how much would be paid by Kroenke and how much would be covered by owners of the league’s 31 other teams.
“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,” read a statement from St. Louis Mayor Tishaura Jones and St. Louis County Executive Sam Page. more