PROVIDENCE, R.I. (AP) — Former Red Sox pitcher Curt Schilling and others have agreed to pay $2.5 million to settle their part of a lawsuit brought over Rhode Island’s disastrous $75 million deal with 38 Studios, Schilling’s failed video game company.

The settlement agreement with Schilling and other 38 Studios officials was announced Monday by the Rhode Island Commerce Corp.

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Retired Superior Court Judge Francis Darigan had been acting as mediator in the case and is scheduled to hold a news conference Monday morning to discuss the deal.

The settlement must still be approved by a judge. If approved, it would bring the amount of settlements in the case to approximately $45 million.

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The only remaining defendant would be First Southwest, which acted as Rhode Island’s financial adviser in the deal.

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WBZ NewsRadio 1030’s Lana Jones reports

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