NFL Owners, Players Reach an Agreement
For the first time in more than a decade, the NFL owners and players have reached a collective bargaining agreement, according to Harold Henderson, NFL executive vice president.
The seven-year agreement should be signed within “the next day or two,” Henderson said Monday after attending daylong meetings in Dallas involving the players’ union and the eight-member NFL executive committee.
The league and players have not signed a contract since 1982, a deal that expired in 1987. They have been working without a contract since then.
This new deal, which includes the landmark free-agent agreement approved by the courts last week, will also give the players about a 50% increase in pension benefits while adding as much as $10 million to the funds they receive from the sale of NFL properties such as shirts and caps.
“There is no real major change to our system other than the free-agent agreement,” Henderson said. “But this has been a long time coming.”
Gene Upshaw, executive director of the NFL Players’ Assn., was unavailable for comment.
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