The five men who were wrongfully convicted in their teens of raping and beating a female jogger in Central Park will get $40 million in a settlement, according to The New York Times. Each man will likely get $1 million for each year he sat in jail.

This reported settlement finally brings legal battles to an end for Antron McCray, Raymond Santana Jr., Kevin Richardson, Yusef Salaam, and Kharey Wise, who became the faces of New York's so-called "wilding" youths in 1989 when the Central Park jogger story broke. All five were exonerated in 2002, after a Manhattan district attorney found DNA evidence that Matias Reyes, a convicted murderer and rapist who confessed to the Central Park attack, was the real perpetrator.

The five launched a civil rights lawsuit against the city alleging "false arrest, malicious prosecution, and a racially motivated conspiracy to deprive the men of their civil rights." Former Mayor Michael Bloomberg denied these charges and fought against them, but Mayor Bill de Blasio made it clear in December he thought the case should settle: "It's long past time to heal these wounds," he said. "As a city, we have a moral obligation to right this injustice.

The settlement now must be approved by Comptroller Scott Stringer and then a federal judge.

[Image via AP]