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Owners/NFLPA Lockout Over! | Monday NFL Gossip

July 25th NFL News: Cappers Picks Headlines – Daily Sports Gossip

NFL news: Lockout ends, business to resume this week

The NFL lockout is over. Fans, players, bettors, fantasy football nuts….join hands.

NFL news: Lockout ends

Let’s celebrate!

After working through the night, the NFL owners and players have reportedly agreed to a new, 10-year collective bargaining agreement. Players are expected to officially ratify the agreement through a vote later today.

The union’s executive committee will advise the league’s 1,900 players to approve the deal. At this stage it’s a mere formality.

Under the new deal, training camps will open with a staggered schedule. Ten teams will start Wednesday, 10 Thursday, 10 Friday and two on Sunday.

Teams can sign 2011 draft picks and undrafted free agents Tuesday. They can also start negotiating with veteran free agents, who can be signed as of Friday.

The salary cap for 2011 will be set at $120 million. The CBA also includes a new rookie payment scale aimed at regulating the cost of signing unproven players; unrestricted free agency after four years for most players; and revenues split to 53 per cent for the owners and 47 per cent for the players.

Players take a three-per-cent cut. [soliloquy id=”82219″]

Today’s sports water cooler talk. Here, you won’t just find the straight news; you’ll find the stuff everyone is talking about – the ice breakers, the Twitter Sports Picks and topics…well, basically all the stuff you discuss at the water cooler.

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About Shea Matthews

Shea Matthews the Senior Writer at CP. Lives and breathes sports. He made the transition from athlete to sports journalist at a young age, writing in TV & national papers. Shea applies his knowledge to sports betting + handicapping daily, and shares winning picks with the world.