Just 196 of the estimated 20,000 retired
Players had until Oct. 14 to opt out, but can revoke the moves up until the settlement receives final approval.
"With over 99% participation, it is clear the retired player community resoundingly supports this settlement," the plaintiffs' co-lead counsel, Christopher Seeger and Sol Weiss, said in a statement. The settlement would cover all retirees regardless of whether they filed suit.
Nine Pro Football Hall of Famers are among the players choosing to continue litigation against the NFL on their own, including former
The family of
Also opting out is Vernon Maxwell, the lead plaintiff in the first concussion lawsuit against the NFL, filed in Los Angeles County Superior Court in July 2011.
Around 140 retired players filed objections to the proposed settlement last month.
Actuaries for the NFL and retired players estimate that 3,600 players would be compensated over the settlement's 65 years, and 2,300 more would be eligible for monetary awards but wouldn't participate.
Though the overall deal doesn't have a monetary cap, individual awards do. Maximum payouts range from $5 million for amyotrophic lateral sclerosis to $1.5 million for Level 1.5
A fairness hearing on the settlement is scheduled for Nov. 19 in front of U.S. District Judge Anita Brody in Philadelphia.