In 2008, a class action lawsuit against Electronic Arts was filed claiming that its exclusive deal to create NFL games was causing the price of NFL games to needlessly rise. Without competition, EA could charge whatever it wanted like a monopoly. That lawsuit has reached a possible settlement.

A $27 million settlement has been proposed that would offer consumers who have purchased Electronic Arts published NFL, NCAA, or AFL licensed games since 2005 small refunds for their purchases. GameCube, Xbox, and PlayStation 2 titles could receive up to $6.79 per game, and current generation Nintendo Wii, Xbox 360, and PlayStation 3 titles could receive up to $1.95 per game.

The proposed settlement also states that EA will not sign to have AFL exclusivity and will not renew its current NCAA agreement when it expires in two years.

The settlement still needs to be approved by the court, so nothing has been set in stone just yet.

[via Business Wire]