MADISON, Wis. -

The National Football League agreed to settle a group of controversial lawsuits. Thousands of retired football players, including some Packers, opted for a settlement.

While the NFL agreed to pay out more than $700 million, the league is admitting to no wrongdoing as part of the deal.

More than 4,500 ex-players filed suits against the league, blaming concussions suffered during their careers for health problems.

The lawsuits accused the NFL of hiding the known risks of concussions from players. The money will compensate retired players and will go towards research, medical exams and health screenings.

The NFL released a statement on Thursday’s settlement, saying,“We thought it was critical to get more help to players and families who deserved it rather than spend many years and millions of dollars on litigation.”

Meanwhile, former players said this settlement can't come soon enough.

Kevin Turner played for the Eagles and Patriots. He now suffers with ALS, or Lou Gehrig's disease.

“I never expected to see the day we came to an agreement,” said Turner.

Any of the league's 18,000 former players are eligible to take part in the settlement. An unofficial list of plaintiffs lists some former packers. The Journal Sentinel reported nearly 20 players, including LeRoy Butler, Al Harris and Mark Chmura.

A federal judge still needs to approve the deal which should happen within a few weeks.