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Monday, July 25, 2011

Football No Longer Locked Out, C'Mon Man

As if we thought they wouldn't work this out by the first kick off. There was way too much money at stake. According to CNN's, This Just In, the NFL has finally reached a new labor deal ending the lock out.

A conference call is to take place says Sports Illustrated writer, Peter King, to hash out the formality of the 32 player representatives and the NFL approving this deal. This formality is not a big deal and all involved assume this will get the sign off.

This battle has been an existence (this year) since March. Some of the major issues between the players and the suits are: rules of free agency, figuring out how to divide 9 billion bucks of revenue the league receives each year, retirement benefits, the possibility of a rookie wage scale, etc.

Regarding the revenue in the old agreement, the owners (aka the suits) took $1 billion off the top and the players received around 60%. The suits said that old deal didn't show the rising costs in relation to promoting the game and building stadiums. Players argued the league has not sufficiently opened up its books to prove this.

ARE YOU READY FOR SOME FOOTBALL!

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