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Obama: I won’t intervene in NFL lockout

03.03.11 at 2:07 pm ET

Speaking at a press conference on Thursday afternoon, President Barack Obama said he would not intervene in negotiations between NFL owners and players.

‘€œYou’€™ve got owners, most of whom are worth close to $1 billion. You’€™ve got players who are making millions are dollars. My working assumption at a time when people are having to cut back, compromise and worry about making the mortgage and paying for their kids’€™ college education is that the two parties should be able to work it out without the President of the United States intervening,’€ he said.

‘€œI’€™m a big football fan, but I also think for an industry that is making $9 billion a year in revenue, they can figure out how to divide it up in a sensible way and be true to their fans who are the ones who, obviously, allow for all of the money that they are making,’€ he continued. ‘€œMy expectation and hope is that they will resolve it without me intervening, because it turns out I have got a lot of other stuff to do.’€

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