Players have a billion reasons to approve a new 10-year CBA on Wednesday
|07.18.11 at 6:10 pm ET|
NFL players are ready to vote on a new 10-year collective bargaining agreement on Wednesday if unresolved issues are settled between the players and NFL owners, according to a report by Adam Schefter on his twitter page.
Approximately two hours after U.S. Magistrate Arthur Boylan arrived at a Manhattan law firm, Schefter reported that the players would be ready to vote a day before the owners gather for a special meeting in Atlanta to discuss the new CBA. It’s presumed that if the players ratify on Wednesday, owners would be ready to do likewise.
Cowboys owner Jerry Jones – on hand for Monday’s session in Manhattan – was quoted Monday, characterizing the labor deal as being down to “circumsizing mosquitoes”.
Schefter also reported that the NFL sent a memo to all 32 teams Monday, directing key executives with each team to attend Thursday’s meetings in Atlanta.
Another key resolution – according to Schefter – was the agreement to pay $1 billion in benefits into the players’ retirement fund over the life of the agreement and the addition of $620 million to the new “Players Legacy” fund.