Finally, football is back.
The NFL ended its lockout, and America's most popular sport is on this fall.
The new labor agreement with owners will reduce players' portion of the total revenue pie from 50 percent to about 47 percent, cap teams' salaries and bonuses at $120 million, and establish unrestricted free agency after four years. There will be no 18-game season.
MAJOR ECONOMIC POINTSAll Revenue System as basis for Player compensation
Eliminates issue of growing cost credit deductions and decreasing shares of All Revenue Bands of Player Share 48.5% to Guaranteed Floor of 47%
Creates $610M Legacy Fund for Pre-93 Players No Rookie Wage Scale
Rookie Savings = $950M 10 years Teams make first contribution to Pensions for first time in history
Guaranteed 99% -95% League Wide Spend for first time in history 89% cash spend of Salary Cap for first time in history
Minimum Salary increase of $55K from 2010
Guaranteed Contracts against Injury up to Year 3 for first time
MAJOR NEW WORK RULESEliminates 2-a-day practices
Average one (1) padded practice per week Maximum 4.5 hours of field per day in training camp
One (1) padded practice limited to 3 hours in training camp Second practice limited to non-helmet walk through
Unannounced inspections by NFLPA Staff to ensure compliance Spring Semester Off: Limit of 9 week off season conditioning program; veterans do not report until the 3rd week in April; reduces OTAs from 14 to