The lockout began March 12. Training camps are scheduled to open in late July. The person with knowledge of the negotiations said the players made economic concessions over the last three weeks of "secret" talks on both revenue percentage and on future stadium credits; many NFL teams have heavy debt for stadium construction. "The next financial model is going to look more like a division of percentage of total revenues," the person said. "That is the context being discussed. It is a simpler mechanism to understand. You take away the 60 percent of defined gross revenues, take away the upfront expense credits that keep growing and now will be gone, it becomes easier to deal with the economics on a macro level." Other items, such as a rookie wage scale and health benefits, have been discussed in those owner-player meetings, but won't be settled until the revenue split is determined, the person added. Goodell said no discussions were held Tuesday on a potential full-season Thursday night TV package that could increase revenues. With record ratings last season, the NFL's value to its broadcast partners never has been higher. Asked how close an agreement might be, neither Goodell nor Pash would put a timetable on it. "I have no idea," Pash said. "We have to spend a significant amount of time with the players. There's a lot of work to be done for both parties. I don't think there's any way to say it's close or not close."
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Wednesday, June 22, 2011
NFL Players & Owners get closer to a Deal
The lockout began March 12. Training camps are scheduled to open in late July. The person with knowledge of the negotiations said the players made economic concessions over the last three weeks of "secret" talks on both revenue percentage and on future stadium credits; many NFL teams have heavy debt for stadium construction. "The next financial model is going to look more like a division of percentage of total revenues," the person said. "That is the context being discussed. It is a simpler mechanism to understand. You take away the 60 percent of defined gross revenues, take away the upfront expense credits that keep growing and now will be gone, it becomes easier to deal with the economics on a macro level." Other items, such as a rookie wage scale and health benefits, have been discussed in those owner-player meetings, but won't be settled until the revenue split is determined, the person added. Goodell said no discussions were held Tuesday on a potential full-season Thursday night TV package that could increase revenues. With record ratings last season, the NFL's value to its broadcast partners never has been higher. Asked how close an agreement might be, neither Goodell nor Pash would put a timetable on it. "I have no idea," Pash said. "We have to spend a significant amount of time with the players. There's a lot of work to be done for both parties. I don't think there's any way to say it's close or not close."
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