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NFL, Players agree on new 10-year labor agreement

 

Roger Goodell (file photo)

After months of back-and-forth negotiating, between the NFL, owners and players, all fans are glad to hear that “Football is Back!”

NFL commissioner Roger Goodell and NFL Players Association chief DeMaurice Smith stood shoulder-to-shoulder in announcing the new 10-year agreement which ended the lockout which started in March.

Some of the benefits for the players include:

* An increase in salaries and benefits with the salary cap at $120 million, plus $22 million in benefits, for 2011. Owners must spend 98 percent of the salary cap in 2011-12 in cash;

* minimum-salary increases of $50,000, with increases annually;

* paying less money to unproven, untested rookies, specifically early first-round draft picks, although that money will be redirected to veterans;

* the ability to assist in the development of new stadiums because certain revenue was not included in total football revenues;

* more money to invest as gross revenues rise;

* better health benefits, including more than $1 billion for post-career injuries;

* new work rules and shortened offseason workouts, which are expected to result in fewer injuries and perhaps longer careers;

* One compromise is the schedule stays at 16 games, not moving to 18 which the owners wanted. This issue can be revisited in 2013, but the players must approve any changes.

Only one exhibition game was lost, the Hall of Fame Game, Chicago against St. Louis on August 7 in Canton, Ohio.

The rest of the preseason games will go on as usual and remains intact.

 

compiled from staff, NFL, Radio & TV news

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