NFL Collective Bargaining Agreement Update
At this point, both sides appear far from reaching a new deal as we seem to have a classic case of billionares fighting millionares. Things have gotten so bad, even commissioner Roger Goodell recently stated how both sides need to begin serious negotiations to avoid the possibility of a lockout for the 2011 season.
For the current Collective Bargaining Agreement, the owners receive $1 billion of the $9 billion annual revenue to for operating expenses–such as costs of financing and building maintenance. Now, the owners are asking for a new deal in which they would receive $2 billion–which means the players would have to take a pay cut.
The players realize how much money the NFL brings in each season and believes it’s ridiculous that they would have to take a pay cut while the owners would just gain more money out of it. Hopefully, both sides can come to some sort of agreement before the March 3 deadline.