Early today, the NFL Owners and the NFL Players Association agreed on a new, 10-year Collective Bargaining Agreement. Commissioner, Roger Goodell, was finally able to say the words we've been waiting for, "Football's back and that's the great news for everybody."
Sports Illustrated received a summary of the new 10-year Collective Bargaining Agreement. To be completely honest, I can't really make heads or tails of some of this stuff, but some of key highlights include:
Check out the summary here. See who is now an unrestricted Free Agent.
- Keeping the regular season to 16 games (at least through 2013)
- All Draft Picks receive mandatory 4-year contacts, with 1st Rounders having a 5th year club option
- Rookie spending starts at $874 million in 2011 and increases with cap
- Savings from rookie compensation system are estimated to save $25 million in 2012, $50 million in 2013 and $100 million in 2014. The savings is expected to increase each year there after, with savings spent on the NFL Legacy Fund, the Veteran Performance Pool or any other purpose the NFLPA believes appropriate
Labels: 2011 NFL Lockout, CBA Agreement, Roger Goodell