Owners May Opt-Out of Current Labor Agreement Next Week

In an on-going story gaining more steam, FoxSports.com is reporting that after a few conference calls earlier in the week, NFL owners have seriously discussed voiding the current labor agreement. Right now the current agreement gives players 59 percent of the defined gross revenues, which the story says is way too lopsided in favor for the NFLPA. Rumors have it that the opt-out could come as early as Tuesday’s spring meeting.

So what will take place from here? One management source called it a “high likelihood” that the owners will exercise their option to terminate the agreement, which will trigger a number of alternatives, including a potential work stoppage by 2011. Another source said “be prepared” for the action, although it was “not a 100 percent proposition yet.” Bad news, and the biggest test for league Commish Roger Goodell and company to overcome to avoid a work stoppage in the most highest grossing sport in the world.

The NFL has not had a work stoppage since 1987, when an ill-fated union strike resulted in three regular-season games being played by “replacement players” before the union broke ranks.

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