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New Labor Deal Could Be Ratified Thursday

(CBS) Two people familiar with talks to end the NFL lockout tell The Associated Press that if an agreement is ratified by Thursday, team executives will be updated on the deal's terms that day.

The people said the league's 32 clubs were told Monday that topics would include the rookie salary system and guidelines for player transactions. They spoke to the AP on condition of anonymity because the process is supposed to remain confidential.

Owners are meeting in Atlanta on Thursday, when they could ratify a new deal - if one is reached by then.

Lawyers for players and owners are meeting Monday in New York in an attempt to end the four-month lockout.

© 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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