"Dick is thrilled," Butkus lawyer Robert F. Helfing said.
Butkus' family will begin presenting the award in January 2009 in Chicago, where he grew up and played eight Pro Bowl seasons for the Bears.
"The point of this whole lawsuit was to use this award to raise charitable funds, and he feels he will be able to do that better in Chicago than down in Florida," Helfing said.
Club officials said the cost to defend the lawsuit was no longer justifiable and the money could be better used to serve youth.
And here comes the outcry from the SEC about more Big Ten bias.
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