Originally Posted by
cleary89
On bsb this morning they said some bloke at wests broke his neck in the late 70's. They raised 30k for him and put it in a trust fund so he didnt get it as a lump sum. He's still withdrawing it today.
1.1m in a trust fund would probably last a lifetime. Combined with a job for life and the knights/nrl insurance covering his rehab I cant imagine he would ever struggle with money.
If he wants to sue then fair enough. He is entitled to. But he wont be getting any more of my money in this years rise for alex round and im sure most would hold a similar opinion.
A million dollars in trust would currently earn around about $33,000 a year in interest.
$30,000 in trust would earn approx $900 a year in interest
The guy at Wests may well be withdrawing the interest still, but he sure as shit ain't living off the proceeds unless he used the $30,000 to purchase a house and shares and diversify his asset base. I hope to hell he did.
The NRL's biggest offering was the "job for life" - a move likely designed to ward off any future legal settlement.
If a person sues they can sue for the costs associated from the accident - ie modified house, car, etc. But they can also sue for loss of future earnings.
If sued, the NRL would attempt to mitigate the size of the payout by first arguing how long his career would most likely have been coupled with the fact they've offered him income for the future
Another avenue Alex would need to pursue would be emotional distress. Usually this needs to culminate in evidence that he cannot function as the stress has left him unable to cope.
Currently he is at University studying and seems emotionally balanced - all things considered.
I wish Alex all the best and I will not feel bad towards him if he does sue the NRL. He has to do what is right for him and his family, not the NRL. I'd do the same if I were him and the same avenue was open to me.
I just don't think the payout would be as huge as the $10 million quoted by a legal "specialist" in the SMH today due to the actions and offers previously in place from the NRL coupled with the way Alex himself has approached life after the accident.