Monday, July 25, 2011

NFL Lockout Over

Hallelujah! We will have a complete regular season of NFL football this fall after the owners and players finally settled on a new collective bargaining agreement today in Washington, D.C.

The terms of the deal are a new 10 year contract (which the players have an option of opting out of after 7), where the owners will get approximately 53% of the $9 billion annual revenue, up from about 50% in the last deal. The new salary cap is $120 million, with the owners having a guarantee spend clause that will benefit the players. In addition, the veteran minimum salary increased and there will be fewer OTAs and contact practices during the preseason for the players. The owners did, however, get a rookie-wage scale passed, so rookies fresh out of college won't be getting paid like superstars before even taking a snap on the field (i.e. Sam Bradford $50 million guaranteed last year)

As far as the schedule is concerned, only one preseason game will be missed, the semi-useless Hall of Fame Game on August 7. Free agency will begin Friday night at 6 PM ET, while training camps will open this weekend for all teams.

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