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.
And before anyone starts taking sides here, let's keep in mind this labor dispute is basically over divvying up $9 billion in yearly revenue the league takes in between the millionaire players and the billionaire owners. Either way, I'm not impressed in the least by this deal given the state of our economy right now.
It's almost as depressing as Congress.
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