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Union agrees to seven-to-ten day extension

Mr. Scot

By Mr. Scot,
in Carolina Panthers

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jtm

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If the players are smart they will cut there loses and sign the best deal they can get. If they decertify, many players will go bankrupt before they get paid. They will probably win in the court system, but this will take years. I doubt most NFL players are savy investors.

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Mr. Scot Grand Master

Mr. Scot

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From Schefter (Twitter)

Two sides still roughly $25 million apart per team per year. Doesn't sound like much but it's a $750-$800 million gap that must be closed.

Peter King states that a fourth issue has emerged to add to the big three (revenue split, rookie pay scale, 18 game season) but I haven't seen word on what it is yet.

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Mr. Scot Grand Master

Mr. Scot

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For those who think Richardson is the only grumpy owner, this from Michael Silver...

Goodell, meanwhile, had managed to marshal the hard-liners and moderates alike among his ranks – and to extract enough union concessions to make a settlement palatable to the overwhelming majority of owners. He also kept his cool during a very tense period of negotiations, which on Wednesday, according to several people familiar with the meetings, included New England Patriots owner Robert Kraft snapping at Bob Batterman, the labor attorney retained by the league for these negotiations, because he felt Batterman was speaking in legalese platitudes.
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riddel Newbie

riddel

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Not really... The same amount of money is in circulation... It will just be spent elsewhere...

...and there you have the perfect example of how our monetary system is a joke in the first place...

Chicken and egg.....fact is without a Chicken, there is not egg and without an egg there is no chicken....take away the money train and the money doesn't necessarily continue to flow especially when that train employees so many.

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Mr. Scot Grand Master

Mr. Scot

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From Daniel Kaplan of Sports Business Journal (Twitter)

definitely hearing a 7-10 day extension of NFL CBA deadline is all but a done deal

Also from Kaplan, King's "fourth issue" appears to be whether or not players who paid into COBRA in anticipation of the lockout will be reimbursed.

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Mr. Scot Grand Master

Mr. Scot

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More from Silver, what's likely to happen...

Even though the situation remained precarious at the end of business Thursday, the two sides had begun to shape the basic structure of a new CBA. Not surprisingly, it would resemble the type of agreement we suggested at the end of our fan’s guide to the labor situation last summer.

The owners would indeed get more money off the top before splitting “adjusted gross revenues” with the players – more than the $1 billion they received annually under the current deal, but less than the $2 billion they’d been demanding until recently. In simplistic terms, the owners would achieve an agreement they believe is roughly equivalent to the one that was on the table in 2006 before, they feel, Upshaw took advantage of outgoing commissioner Paul Tagliabue’s desire for labor peace at any cost and skewed the deal toward the union’s interests.

In this case, the hit to the players would be somewhat mitigated by an increase in revenue driven by the move to an 18-game regular season. The addition of two games (and elimination of two preseason games) might not be immediate, and the players would receive concessions such as limitations to offseason workouts and training camp practices and a new formula allowing them to qualify for certain benefits with fewer seasons played than in the past. However, in the end, the union is likely to capitulate and agree to the “enhanced” season in exchange for other considerations – again, something that was predicted many months ago.

In all probability, there will also be a rookie wage scale that increases revenues while playing to the popular sentiment among fans that the guaranteed money received by top draft picks is exorbitant when compared to the salaries of accomplished veterans.

The owners will be granted their longstanding request to have Doty removed as the arbiter of all CBA disputes, and there will likely be a provision extending player health care benefits in the event of a future lockout.

Mildly amused at the part about David Doty :lol:

I've been hoping that the players would push back hard against this 18 game season, but i now looks like it'll happen :(

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