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What the NFL owners approved for the new labor deal

What the owners approved

• Agreement would be through the 2020 season.

• Players would receive an average of 47 percent of the approximately $9 billion in annual league revenues over the course of the deal.

• The salary cap would be set at just more than $120 million for 2011. The league would be committed to cash spending of 99 percent of the cap for 2011 and 2012.

• Veterans would earn free agency after their fourth season.

• All rookies would sign four-year contracts. Teams would have the option for a fifth year on first-round picks. There would also be a specific salary cap for rookies.

• To improve player health and safety: The offseason program would be reduced by five weeks; there would be new limits on practice time and contact; there would be limits on the number of full-contact practices and there would be more days off.

• There would be additional funding for retiree benefits over the next 10 years of between $900 million and $1 billion.

What the NFL owners approved for the new labor deal 07/21/11 [Last modified: Thursday, July 21, 2011 10:40pm]
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