Feedback on yesterday meetings in Chicago between league Owners seems pretty positive. Owners met for under five hours to clarify the key concepts, and ideas for the new labor deal. Jeff Pash, the NFL Lead Negotiator stated, "there seems to be commitment by Ownership, and players." The key points now involving the negotiations involve the splitting of revenues between Owners and players. The prior labor deals included the players receiving 55 percent of revenues, and Owners receiving 45 percent, however Owners received the first one billion dollars in revenue. The new agreement may not include the one billion dollars of revenue off the top, but instead the Owners are looking to gain 52 percent of league revenue compared to the players 48 percent of league revenues.
With league revenues expected to grow over the coming years Owners would see increase in revenue due to the growth. Players on the other hand are willing to give up some percentages of revenue if Owners are forced to spend 95 percent of cash on annual player salaries. Under a normal salary cap Owners are able to account for spending on player salaries, however a portion of that spending isn't attributed to cash spending. Under a normal cap a team can spend 100 million in one year in salary cap, but the cash number could be 90 million with 10 million accounted for during the next year. Players want more of that 100 million dollars spent on salary in cash for the present year.
Owners seem united on the philosophical ideas, and the priorities seem to be the same. The next meetings are scheduled for Wednesday, and Thursday in Boston between Owners, and players. With the momentum now in full swing it looks as if both sides are close to coming together for a new CBA agreement.
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