CBS 2 Chicago wbbm7801059 670 The Score

Latest

Owners, Players Agree To Deal To End Lockout

Roger Goodell and DeMaurice Smith

NFL commissioner Roger Goodell, left, and National Football League Players Association executive director DeMaurice Smith, right, speak to the media outside of the Ritz-Carlton hotel after addressing players during the NFLPA rookie symposium on Wednesday, June 29, 2011 in Sarasota, Fla. (AP Photo/Brian Blanco)

Don't Miss This
Don't Miss This

WASHINGTON (AP) NFL owners and players agreed early Monday to the terms of a deal to end the lockout, and players were expected to begin the voting process later in the day, two people familiar with the negotiations told The Associated Press.

The people spoke on condition of anonymity because the process was supposed to remain secret and no formal announcement had been made.

The NFL Players Association’s executive committee on Monday afternoon approved the finalized agreement. The rest of the NFL player reps still need to OK the deal, which is viewed as a formality.

Owners overwhelmingly approved a proposal last week, but some unresolved issues still needed to be figured out to satisfy players.

The sides worked through the weekend and wrapped up talks Monday morning, one of the people told the AP.

The league’s old labor deal expired in March, and the owners locked out the players, the NFL’s first work stoppage since 1987.

“We have every reason to believe it’s going to be a good day,” NFL spokesman Greg Aiello wrote in an email to the AP.

If players sign off on the agreement Monday, NFL clubs would be able to start signing 2011 draft picks and rookie free agents on Tuesday. Conversations with veteran free agents also could start Tuesday, and signings could begin Friday.

Under that tentative schedule, training camps would open for 10 of the 32 teams on Wednesday, 10 teams on Thursday, another 10 teams on Friday, and the last two teams on Sunday.

The major economic framework for the deal was worked out more than a week ago.

That included how the more than $9 billion in annual league revenues will be divided (about 53 percent to owners and 47 percent to players over the next decade; the old CBA resulted in nearly a 50-50 split); a per-club cap of about $120 million for salary and bonuses in 2011 – and at least that in 2012 and 2013 – plus about $22 million for benefits; a salary system to rein in spending on first-round draft picks; and unrestricted free agency for most players after four seasons.

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

Listen Live!

RSS Most Popular News

Follow CBS Chicago

Like us on foursquare

RSS Contests & Promotions

  • Benjamin Moore Which Team Colors Matter Most? May 24, 2013
    Which Team Colors matter most to you? Either way, you could be a winner! Just sign up now for a chance to win $500 Depot Dollars to the Chicago Sports Depot to pick up some gear with your favorite team colors as they battle it out this week!
  • AVEENO® MEN’S “Building a Healthier Foundation” Sweepstakes May 21, 2013
    AVEENO® Men’s™ knows your family is your foundation. And to take good care of them, you need to take good care of yourself. Win a family day at the ballpark from AVEENO® Men’s™.
  • Join Hankook Tire To Reel In The Next Big Catch May 20, 2013
    Join Hankook tire to reel in the next great catch! Click here to go to www.TirePrize.com and enter for your chance to win the ultimate fishing excursion in Puerto Rico!
  • Meet Jim Rome On Set In Los Angeles May 20, 2013
    AutoZone and the Jim Rome Show are giving one winner and a guest a trip to meet Jim Rome in Los Angeles on the set of his Showtime television show! Enter for your chance to win!
WBBM Newsradio 780, Radio Stations & Broadcast Companies, Chicago, IL

Twitter Updates