Smiles blooms on best Labor deal of NFL Owners, NFL Players

Tuesday, July 26th, 2011 at 12:09 pm , filed under NFL News by Bill Gerber

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At last, the NFL owners and players were all smiles after agreeing on a new labor deal. It has taken four and half month lockout to do it. However, the players came away with better salaries and benefits as well as safer working conditions. Meanwhile, the Owners gain a higher percentage of the more than $9 billion in annual league revenues that figure to rise significantly.

The Chicago Bears kicker and player representative, Robbie Gould has said that the whole deal for everybody is truly an upgrade. He added that if we look at the whole concept of the deal for the owners and obviously they wanted a percentage back. He said that they gave them a percentage back and for the players, workers compensation and the revenue sharing.

On the positive side for the players, there is an increase in the salaries and benefits with the salary cap at $120 million and in addition $22 million in benefits for 2011. Besides, the Owners must spend 99% of the salary cap in 2011-12 in cash. The minimum salary increases of $50,000 that will be increased annually. The new rules and shortened off season workouts which are expected to result in fewer injuries and perhaps longer careers. Adding to this, there are better health benefits that include more than $1 billion for post-career injuries. There will be five consecutive days off during bye weeks.

On the positive side of the Owners, more money is to be invested as gross revenues rise. The labor peace for 10 years that makes it easier to work out long-term business deals and the ability to assist in the development of new stadiums because certain revenue was not included in total football revenues. They will be paying less money to the untested rookies and specifically high-first round draft picks, however that money will be redirected to the veterans.

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