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NFL Agreement Reached in Principle; Lockout to End This Week?

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According to ESPN‘s Chris Mortensen, John Clayton and Adam Schefter, the NFL and NFLPA have reached an agreement in principle. The details of a proposed collective bargaining agreement being pitched to NFL owners Tuesday, according to the named sources are the following:

  • Players get 48 percent of “all revenue.”
  • Players’ share will never dip below 46.5 percent, under new formula being negotiated.
  • Teams required to spend close to 100 percent of the salary cap.
  • Rookie wage scale part of deal but still being “tweaked.”
  • Four years needed for unrestricted free-agent status. Certain tags will be retained, but still being discussed.
  • 18-game regular season designated only as negotiable item and at no point is mandated in deal.
  • New 16-game Thursday night TV package beginning in 2012.
  • Owners still will get some expense credits that will allow funding for new stadiums.
  • Retirees to benefit from improved health care, pension benefits as revenue projected to double to $18 million by 2016. 
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The founder and former owner of MC3 Sports Media, Mike Cardano is the Sr. Business Administrator for RotoExperts and the Executive Director here at TheXLog.com. You may email Mike @ [email protected] or follow him on Twitter @MikeCardano