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Colin Kaepernick and Eric Reid have settled their collusion cases against the NFL.

The news was announced via a statement from the player's legal teams but the settlement is reportedly subject to a confidentiality agreement.

"For the past several months, counsel for Mr. Kaepernick and Mr. Reid have engaged in an ongoing dialogue with representatives of the NFL. 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," the joint statement reads.

Although the full details of the agreement have not been released, some are speculating that Kaepernick has received a sum to the tune of $80 million.

Kaepernick and Reid filed the suit after the NFL allegedly blackballed then after they began to kneel during the national anthem to protest police brutality and social injustice.

The NFL Players Association also released a statement in support of Kaepernick. 

"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."

Meanwhile, Kaepernick's lawyer has revealed that the former NFL quarterback would "absolutely" love to return to the league.