NFL Owners Opt Out Of Labor Agreement

The NFL and the Players Association are on the
clock.
The league's owners have voted unanimously to shorten their
labor agreement, meaning the current contract with the union will
end in 2011 instead of 2013.
NFL owners have been concerned that the current deal leans too
far toward the players, who now get 60 percent of total team
revenues. Owners also cite a decline in profits due to economic
conditions.
Gene Upshaw, the executive director of the NFLPA, has been
predicting this the last few months and last weekend referred to
the owners as "greedy."
A new deal must be in place by March of 2009 to avoid a 2010
season without a salary cap. However, the NFL says that even
without a new agreement there will be no interruption of play for
at least the next three seasons.


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