Entertainment Tracy Morgan received $90 million from Walmart settlement

Discussion in 'The Howard Stern Show' started by MutteringJohn, Sep 4, 2015.

  1. MutteringJohn

    MutteringJohn Well-Known Member

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    I guess when you take into account what he would earned from a sitcom and standup over the next 10 years. The thing is if he is full recovered in another year and is able to resume his career what is the money for. Usually for someone to receive this much money they are a vegetable in a wheelchair and need 24/7 care for the next 30 years of their life.

    Saturday Night Live alum Tracy Morgan has reached a $90million settlement with Walmart following last year's horror crash that left the comedian with severe head trauma, according to fellow funnyman Damon Wayans.

    Wayans, best known for his role on the ABC family sitcom My Wife and Kids, made the revelation while appearing on the radio show The Breakfast Club hosted by Charlemagne The God Friday.

    Wayans blurted out the figure while discussing the challenges some comedians face staying relevant to their audiences when they become wealthy.

    The comic then made a joke that learning of Morgan's windfall, some people might think to themselves: 'I wish that a Walmart truck would hit me.'

    Morgan's camp on Friday rushed to dismiss the settlement claims as nothing more than idle gossip.

    The comic's representative told TMZ that the terms of the settlement with Walmart are confidential, and that he 'has had no contact with Mr Wayans since before the accident, so there is no way he would be able to know this and thus is false'.

    According to previous reporting, Morgan settled his lawsuit against Walmart back in May, with the big-box chain describing the agreement 'amicable’.

    In January of this year, the national retailer also reached a settlement with the family of James 'Jimmy Mack' McNair, who was killed when a Walmart truck slammed into the back of a limo van carrying a group of comedians, among them Morgan.

    The 30 Rock star sustained a traumatic brain injury and has not been able to perform on stage since the June 2014 crash.

    Morgan is expected to make his comeback next month, when he is scheduled to host the third episode of SNL's season 41.

    Nearly two weeks ago, Morgan marched down the aisle and said 'I do' to his longtime fiancee Megan Wollover.

    Following the intimate wedding ceremony in Cresskill, New Jersey, the newlyweds moved into their palatial new home, which according to multiple reports they had purchased for just under $14million

    The 21,000-square-foot, five-bedroom, nine-bath mansion is situated on two acres of manicured land in tony Alpine, New Jersey, which in 2014 was listed by Forbes Magazine as one of the most expensive zip codes in the country.

    [​IMG] [​IMG] [​IMG]

    According to the site realtor.com, Mr and Mrs Morgan's new residence comes with an elevator, an outdoor pool and spa with a cabana, a racquetball court, a bowling alley and a screening room.




    Read more: http://www.dailymail.co.uk/news/art...-claims-comic-Damon-Wayans.html#ixzz3kpbcXFCF
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  2. BethWeave

    BethWeave Well-Known Member

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    $90 million settlement - Hope that amount is in addition to the atty fees and medical bills. Otherwise that and this 14 million dollar home will mean he will be broke sooner than later. Sorry it happened to him, but I never like his vulgar jokes on the Stern Show. But I am truly sorry for his injuries. Disabled for life…..by the way has Howard sent Morgan a note yet?
     
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  3. PI Nate

    PI Nate Disenfranchised since 1984... Gold

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    Ghetto fabulous!! :woot:
     
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  4. Jayla

    Jayla Ou ai-je l'esprit? Gold

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    You stole my post. :)
     
  5. BethWeave

    BethWeave Well-Known Member

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    :giggle: Do you think he actually cleared $90 million. I hope so. Usually not the case after med bills, attys
     
  6. MrPPV

    MrPPV The Shed Stopper

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    Didn't the family of the guy that died in the crash only get 10 million?
     
  7. DuckDong

    DuckDong VIP Extreme Gold

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    My bitch owns Walmart
     
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  8. Jayla

    Jayla Ou ai-je l'esprit? Gold

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    Dunno, but I agree that if you're purchasing ugly 14million dollar homes right away, that 90 mil will be gone in 10 yrs.
     
  9. MutteringJohn

    MutteringJohn Well-Known Member

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    It's all based on future earnings or what the deceased would have earned over a lifetime.
     
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  10. PI Nate

    PI Nate Disenfranchised since 1984... Gold

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    Unless someone smart is handling his money, he will be broke in two years.

    This house will be up for auction at a fraction of the cost.

     
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  11. R.P. McMurphy

    R.P. McMurphy Well-Known Member

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    ...even if he cleared 90 million he'll be broke all too soon the way hes splashing money around so soon after the settlement. any money he holds onto his future ex wife will take care of.
     
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  12. BethWeave

    BethWeave Well-Known Member

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    5 years or less. His injuries are extensive and severe. Will need costly medical attention. Pre-accident Tracy Morgan didn't seem the brightest bulb. Don't think his wife is a Mensa member either. $14 million for that NJ home? Only worse purchase is Artie Lange's home.
     
  13. knu3421

    knu3421 Well-Known Member

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    I'm brian RICH fellows :grad:
     
  14. Jayla

    Jayla Ou ai-je l'esprit? Gold

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    Agreed. :)
     
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  15. Walygatr

    Walygatr Well-Known Member

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  16. fland

    fland Well-Known Member

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    Ardie Fuqua, the other comic who was with him who was also injured, was in a medically induced coma afterwards for about a month due to his brain injuries and his femur was crushed so bad it actually had to be replaced with titanium. I remember Dipaolo on one of his podcasts talking about visiting him in the hospital and that he is actually one of the most beloved comics among other comics. If Tracy got $90 million I'd be willing to bet Fuqua got an even bigger 9-figure settlement.
     
  17. John Mahlin

    John Mahlin These go to eleven Gold

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    He's about as funny as benjy is, and that's before the accident.
     
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  18. Ganggreen87

    Ganggreen87 Well-Known Member

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    90 million less a 1/3 to the attorneys
    60 million less 58 percent to taxes?
    28 million left less this home
    He's gonna be screwed in about 10 years
     
  19. Lester

    Lester Well-Known Member

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    I don't think you pay taxes on that type of settlement.
     
  20. Ganggreen87

    Ganggreen87 Well-Known Member

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    I think you're right, I wasnt sure
     
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