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NFL owners agree to deal to end lockout

NFL owners have agreed to a deal to end the long-running NFL lockout with players allowed to begin reporting to facilities on Saturday. The owners voted 31-0, with the Oakland Raiders abstaining. The lockout, however, won’t end utnil players themselves ratify the proposal. On that front, NFL Players Association executive director DeMaurice Smith issued the following note to players:

“There is no agreement between the NFL and the players at this time.”

Here are the key highlights of the proposed CBA, courtesy ESPN:

  • 10-year deal — through the 2020 season
  • $120.4M salary cap for 2011
  • Leaguewide commitment to spend 99 percent of cash in 2011 and 2012
  • 10 percent increase in minimum salaries in 1st year of deal, with continuing increases over the course of the deal
  • 4-year rookie contracts, with team option for 5th year on 1st round picks
  • No change to 16-game schedule through 2013. Any subsequent changes must be agreed to by NFLPA
  • Enhanced injury protection benefits
  • OTAs (Organized Team Activities) reduced from 14 to 10
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