Colin Kaepernick

Colin Kaepernick settles collusion lawsuit with the NFL

Colin Kaepernick billboard
Photo: Justin Sullivan/Getty Images

An attorney for former San Francisco 49ers quarterback Colin Kaepernick and Carolina Panthers safety Eric Reid released a joint statement with the NFL on Friday to confirm that "the parties have decided to resolve the pending grievances."

The big picture: Last fall, Kaepernick filed a grievance which alleged that the NFL and its owners "colluded to deprive Mr. Kaepernick of employment rights in retaliation for Mr. Kaepernick's leadership and advocacy for equality and social justice." The attorney, Mark Geragos, did not release the details of the settlement, which he said are confidential.

Nike earnings beat expectations after launching Kaepernick campaign

Colin Kaepernick's Nike billboard
A Nike ad in New York featuring Colin Kaepernick. Photo: Angela Weiss/AFP via Getty Images

Nike's quarterly earnings and revenue beat analyst expectations, despite many believing the company's bottom line would suffer from its decision to feature former NFL quarterback Colin Kaepernick in its signature "Just Do It" campaign, CNBC reports.

The big picture: The company posted earnings of $0.52 per share against an expected mark of $0.46, while hauling in $9.37 billion in 4th quarter against an expectation of $9.18 billion. The company's shares were up 7.1% at market close on Friday.

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