One day after talks between the NFL and NFLPA nearly deteriorated over how to split the $9.3 billion in revenue, “major strides” were made in that area on Thursday night and Friday morning, reports Albert Breer of the NFL Network.
Players thought the two sides had a “verbal handshake” on a formula, with players receiving 48 percent of “all” revenue. Owners reportedly reintroduced expense credits, worth between $400 million and $500 million, which would have reduced the players’ share to 45 percent.
Breer reports that so much progress was made in that area over the last 12 hours that “if the rest can be worked out, they could be close to reaching a financial model”.
Talks for the week have broken off, but will resume on Tuesday in New York City. NFL Commissioner Roger Goodell and NFLPA Executive Director DeMaurice Smith will lead their negotiating teams on Tuesday and Wednesday, with owners and players joining the talks on Thursday.