Chris Mortensen of ESPN reports among the details NFL commissioner Roger Goodell is revealing to owners Tuesday at the owners’ meeting in Rosemont, Ill., is that in the next proposed agreement players will receive a 48 percent share of “all revenue,” without the $1-billion-plus credit off the top that had been a point of contention in earlier negotiations, according to sources familiar with the presentation.
Under the new formula being negotiated, players will receive 48 percent of all revenue and will never dip below a 46.5 percent take of the money, sources said.
In the previous collective bargaining agreement, players received approximately 60 percent of “total revenue” but that did not include $1 billion that was designated as an expense credit off the top of the $9 billion revenue model. Owners initially were seeking another $1 billion in credit only to reduce that amount substantially before exercising the lockout on March 13.
Ultimately, the two sides have decided to simplify the formula, which will eliminate some tedious accounting audits of the credit the players have allowed in the previous deal. NFLPA executive director DeMaurice Smith has stated that players were actually receiving around 53 percent of all revenues instead of the much advertised 60 percent.
A rookie wage scale will be part of the new deal but is still being “tweaked,” and the much-discussed 18-game regular season will be designated only as a negotiable item with the players and at no point is mandated in a potential agreement. A new 16-game Thursday night TV package beginning in 2012 will be the source of new revenue.
Cautious expectations on the two sides reaching an agreement in principle are varied, ranging from one-to-three weeks with the hopes of beginning a new league year (free agency, etc.) by mid-July.