It took three years for that to happen, but a second NFL owner was finally linked to a confidential settlement of the alleged misconduct that, if it did, could lead to dire consequences for the owner. Ventures founder Jerry Richardson immediately sold his team after several secret settlements emerged in 2017. Now, Washington owner Daniel Snyder has found himself the subject of a previously classified settlement due to alleged sexual misconduct that necessitated the payment of $ 1.6 million.
The very existence of the classified settlement, which Snyder has apparently admitted, requires a full investigation. It would also force Snyder to waive the confidentiality requirement to allow the former employee who received the payment to fully cooperate with the investigation.
The primary question becomes whether the circumstances surrounding the payment fall within the bounds of the current investigation, initiated by the team and its association leaders, or whether a separate investigation should be initiated. Whatever it is and who does it and whatever the events, the league must consider whether and to what extent Snyder has violated the personal conduct policy.
In an announcement made earlier this week, he claims that “A reputable law firm“The situation was investigated and“ no evidence of wrongdoing was found. ”Snyder claims that the“ insurance company ”decided to settle the case.
The truth is that no insurance company can settle the case without the insured’s consent. If Snyder had wanted to fight him, Snyder could have fought him, even the limits of his insurance coverage. (Depending on the terms of policy and applicable law, Snyder could potentially be personally liable for any judgment over $ 1.6 million.)
Regardless, the insurance company didn’t overpay that much to protect Snyder and his family from embarrassment. The only good for the insurance industry is cash. They love to take it, and hate to push it. The insurer would pay $ 1.6 million voluntarily to settle only if the insurer was reasonably afraid of paying more involuntarily after the ruling.
So, common sense suggests that it is not simply about “silent money”, and that the money was at least partially intended to compensate the former employee for the alleged harm he suffered. Whatever the truth, there is enough evidence in the public domain to force the university to delve into private details in order to determine whether and to what extent discipline should be imposed on Snyder.