Peace at last
Owners approve labor deal; CBA extended six years
Posted: Wednesday March 8, 2006 11:48AM; Updated: Wednesday March 8, 2006 9:23PM
Paul Tagliabue can now turn his attention to other league matters after recent marathon negotiation sessions.
GRAPEVINE, Texas (AP) -- Labor peace was restored to the NFL when the owners agreed to the players' union proposal Wednesday, extending the collective bargaining agreement for six years.
There were no further details on the accord, including whether it includes expanded revenue sharing.
The vote was 30-2, with Buffalo and Cincinnati, two low-revenue teams, voting against it.
Free agency, put off twice by the protracted negotiations between the owners and players, now will start at 12:01 a.m. Friday.
"It was a good compromise," said Jim Irsay, owner of low-revenue Indianapolis. "We're happy with it -- 30-2 is a good vote."
The agreement comes after a week of on-again, off-again negotiations, culminating in a two-day owners meeting.
No work stoppage was imminent -- at least for the next two years -- but no agreement would have sent teams scrambling to get under a lower salary cap, at $94.5 million. That would have put a number of veterans on the street and limited the amount of money available for other free agents.
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I hate when millionaires argue with millionaries over money. Don't you?