St. Louis officials sought $1 billion in damages after the Rams moved to Los Angeles in 2016.
to have the case tried elsewhere in Missouri instead of the team's former home of St. Louis.
The NFL also risked sensitive documents about NFL owners' finances becoming public if the case reached trial. St. Louis Circuit Judge Christopher McGraugh, who handled the case, issued a roughly $44,000 fine to four NFL owners for failure to turn over the financial documents last October. Another hearing on the matter was also scheduled in December.
The suit also claims the County of St. Louis also lost hotel, property and sales tax revenue after the Rams relocated. The impact on the state totals more than $15 million, according to the suit, which used figures from the Missouri Department of Economic Development. Hence, settling before then was a "smart move," sports attorney Irwin Kishner told CNBC on Wednesday.
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