July 25th, 2011
02:01 PM ET

NFL players' reps unanimously ratify labor agreement

[Updated at 2:01 p.m.] Members of the NFL Players Association have unanimously ratified their collective bargaining agreement, an association executive confirmed Monday.

[Posted at 8:59 a.m.] The NFL Players Association and the league have reached an agreement on a new labor deal, NFL.com reported Monday.

The deal is not set in stone: the 32 player representatives and all NFL players must approve the new deal. But NFL.com reports "at this point it appears a formality."

Sports Illustrated senior writer Peter King (@SI_PeterKing) reported the representatives will have a conference call at 11 a.m. ET.

Negotiators reached the agreement in the very early hours of Monday morning, the report said. If accepted, the deal would end the lockout that started in March.

Since the lockout, the two sides have faced off in courts and around conference tables. The major issues have revolved around how to divide the billions of dollars of revenue reaped via the league each year, rules of free agency, a possible rookie wage scale, retirement benefits and a host of other matters.

At the heart of the issue between the players and the owners was how to divide the league's $9 billion in revenue.

Under the old agreement, NFL owners took $1 billion off the top of that revenue stream. After that, the players got about 60%. The owners said the old labor deal didn't take into account the rising costs related to building stadiums and promoting the game. The players argued that the league has not sufficiently opened up its books to prove this.

SI.com: With end of NFL lockout at hand, it's time to focus on football again

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  1. GD

    Oh, STFU with the liberal bs, parlayinit! Another fool who worships at the pigskin altar with all of the other pigs who worship the almighty dollar. Parlay my middle finger, you imbecilic dolt!

    Buy your own team. Blah blah blah....
    Get the smarts, blah blah blah...you're an assholius of the nth degree. Pompous douchbag!

    July 25, 2011 at 10:17 pm | Report abuse |
  2. parlayinit

    @GD, the truth hurts for the ones who bash an opinion from a longtime taxpaying AMERICAN citizen. Work hard and don't follow the highschool populars or whatever strayed you. I'm not pompous, just sick of hearing complaints on rich/poor,black/white etc. Everyone has a fair shot in America and it has been proven by all races and financial standings. Worry about what you want to make or be. It is soooo easy to cast blame or ridicule success when you have no idea the road taken to achieve a certain success. BTW, vegas does not with hold t*xes when you bet. So I'm not cheatin the governor, even thou I've paid more taxes than the whole downtown new orleans residense. Lol.

    July 26, 2011 at 12:15 am | Report abuse |
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