Doomsday101
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GRAPEVINE, Texas -- NFL owners chose the certainty of a salary cap over the prospect of life without one, and they're paying for it.
The league agreed Wednesday to the union's proposal, including a revenue-sharing component that will cost owners nearly a billion dollars over the next six years.
The deal will carry the NFL's 32 franchises through the 2011 season. Two low-revenue teams, Buffalo and Cincinnati, cast the only votes against.
Commissioner Paul Tagliabue said $850 million to $900 million in players' salary will be added over the life of the deal because of the revenue-sharing component, which the union fought for throughout the on-again, off-again talks. The money will come from the teams that make the most in revenue beyond the television money that is already shared. Only the top 15 revenue teams in each year will be required to pay into that part of the salary pool.
"On behalf of the players, the NFLPA staff and the negotiating team, we are pleased that this process has finally concluded with an agreement," Gene Upshaw, executive director of the NFL Players' Association, said in a statement. "This agreement is not about one side winning or losing. Ultimately, it is about what is best for the players, the owners and the fans of the National Football League.
http://sports.espn.go.com/nfl/news/story?id=2360258
The league agreed Wednesday to the union's proposal, including a revenue-sharing component that will cost owners nearly a billion dollars over the next six years.
The deal will carry the NFL's 32 franchises through the 2011 season. Two low-revenue teams, Buffalo and Cincinnati, cast the only votes against.
Commissioner Paul Tagliabue said $850 million to $900 million in players' salary will be added over the life of the deal because of the revenue-sharing component, which the union fought for throughout the on-again, off-again talks. The money will come from the teams that make the most in revenue beyond the television money that is already shared. Only the top 15 revenue teams in each year will be required to pay into that part of the salary pool.
"On behalf of the players, the NFLPA staff and the negotiating team, we are pleased that this process has finally concluded with an agreement," Gene Upshaw, executive director of the NFL Players' Association, said in a statement. "This agreement is not about one side winning or losing. Ultimately, it is about what is best for the players, the owners and the fans of the National Football League.
http://sports.espn.go.com/nfl/news/story?id=2360258
