"As a result of those discussions, the parties have decided to resolve the pending grievances. The resolution of this matter is subject to a confidentiality agreement so there will be no further comment by any party."
Kaepernick and Reid both retweeted a copy of the statement from their respective Twitter accounts.
The NFL Players Association, the labor union that represents league players, released its own statement on the heels of the announcement of the settlement.
"Today, we were informed by the NFL of the settlement of the Colin Kaepernick and Eric Reid collusion cases. We are not privy to the details of the settlement, but support the decision by the players and their counsel," the NFLPA said.
"We continuously supported Colin and Eric from the start of their protests, participated with their lawyers throughout their legal proceedings and were prepared to participate in the upcoming trial in pursuit of both truth and justice for what we believe the NFL and its clubs did to them. We are glad that Eric has earned a job and a new contract, and we continue to hope that Colin gets his opportunity as well."
After the national anthem kneeling protests began, the NFL implemented a rule that for almost a year banned the act. But that rule was later revoked.
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