NFL-union talks canceled 50 percent revenue proposal (Collective bargaining agreement)

NFL owners walked away from the negotiating table Wednesday when the NFL Players Association proposed to take an average of 50 percent of all revenue generated by the league, according to player sources.

Future Of The League

NFL In a guest column, NFL rep Greg Aiello outlines the league's problems with the CBA and ways to fix the system as the game moves forward. Story

NFLPA With the CBA expiring on March 3, NFLPA executive George Attallah breaks down how the players and the union view the crucial talks. Story

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NFLPA executive director DeMaurice Smith briefed club player representatives in a conference call Wednesday night, detailing his version of the abbreviated session that ended far earlier than the seven hours that were scheduled between the two sides in an effort to reach a new collective bargaining agreement before it expires at midnight March 4.

Consequently, a five-hour second negotiating session scheduled for Thursday was canceled, and no further meetings have been proposed. Also, the NFL notified teams and owners Thursday that a scheduled owners meeting in Philadelphia next Tuesday has been canceled.

Wednesday's meeting in Washington started badly, one source said, when the owners' negotiating team interpreted the union's proposal of a 49 percent to 51 percent take as "total revenue," instead of the union's intended percentage take of "all revenue."

At the current revenue levels, "total revenue" has been defined as an estimated $9 billion gross, minus a $1 billion credit in the owners' favor. In the current CBA deal about to expire, the union's share has been estimated at about 60 percent of $8 billion, once the $1 billion credit was subtracted.

Owners have asked for an additional $1 billion credit -- or $2 billion in total -- before it splits "total revenue" with players.

Smith has stated that the union would need to examine all of the owners' financial books before it would accept a substantial reduction in allowing the additional $1 billion in credits.

Mike and Mike in the Morning

ESPN NFL Insider Adam Schefter says the CBA meeting was cancelled because the sides were too far apart. Plus, Schefter explains how much Cincinnati Bengals quarterback Carson Palmer wants to be traded.

Category:

Sports

Tags:

• NFL-union
• talks
• canceled
• 50
• percent
• revenue
• proposal
• (Collective
• bargaining
• agreement)

[truthslice]

get better sound first and fore most

youll be doing yourself a favour

[skeezysquirrel]

looks like there won't be a season in 2011. I guess business is a big part of the NFL too. The real loosers are the FANs, cause we pay for merchandise and we pay to watch games...