LONDON — — The NFL Players Association has reached an agreement with the watchmaker Watchmaker Net to end a dispute over payments to players who signed with the organization in 2012, according to the league.
The league said the terms of the deal, which were not disclosed, were “mutually agreed upon” by Watchmaker and the NFLPA.
The agreement is effective immediately.
Watchmaker Net said it is “disappointed and disappointed” in the NFL’s decision to terminate the contract, and that the terms are “mutual” and will not affect its existing contractual obligations.
Watchmaker’s parent company, Watchmaker International, did not immediately respond to a request for comment.
The NFLPA filed a lawsuit in January 2016 alleging that Watchmaker withheld payments to NFL players who had signed with Watchmaker.
Watchmakers lawyers, led by attorney Robert J. Stumpf, argued that the NFL was using the company as a backstop in a contract dispute.
WatchMaker was founded in 2005 by Louis Cartiers former assistant.
Watch Maker is based in the United Kingdom.
The lawsuit claimed that the contract violated the Players’ Collective Bargaining Agreement, which requires all teams to provide at least $1 million in compensation for players who sign with the NFL.
The players association said the settlement was contingent on the NFL continuing to pay the salaries of the former employees who signed for the company.
In the agreement, WatchMaker and the players association agreed that the payment to Cartiers would be limited to $300,000.
The total amount of money paid to Cartier would be reduced to $250,000 if he agreed to the terms.
The two sides also agreed that WatchMaker would not negotiate on behalf of Cartiers.
Watch maker has already paid Cartiers $1.1 million for his services.
Watch makers lawyer did not respond to requests for comment from ESPN.