On Wednesday morning, the plaintiffs in Brady v. NFL requested a $1 billion bond in the event that Judge Nelson ruled in favor of the NFL on the issue of a stay. Judge Nelson gave the NFL until 4:00 PM CST to reply, and the league has, in a filed document obtained by CBSSports.com, stated that they do not believe any bond is necessary to secure the stay that they requested.
Additionally, the league repeated their request to have Judge Nelson suspend the current injunction, conditioned on the NFL immediately filing an appeal with the Eighth Circuit Court of Appeals.
The NFL cites two primary reasons for why a bond is not necessary. One, that the Court of Appeals will handle the case in an expedited manner; CBSSports.com spoke with the Clerk of Court at the Eighth Circuit, and was told that "typically" they do expedite these matters. However, it is not a guarantee.
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Secondly, the NFL cited a previous case involving Western Union, in which a bond was not required because the "ability to pay the judgment is so plain that the cost of the bond would be a waste of money."
In other words, the NFL has so much money -- clearly more than $1 billion -- it's not necessary for them to pay what the 10 percent (or whatever) a bond would cost in order to secure such a bond.
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