Try BlazeTV for Free

Collect your bets! The NFL Players Association executive board and 32 team reps voted unanimously Monday to approve the terms of a deal with owners to the end a 4 month long lockout. The contentious debate between players and owners has put America's most popular sport at a stand still. That said, the NFL can take solace in the fact that their back and forth was resolved in a shorter period of time than the ongoing debt-ceiling dispute between the nation's top lawmakers.

ESPN explains the ins-and-outs of the deal:

"The major economic framework for the deal was worked out more than a week ago.

That included how the more than $9 billion in annual league revenues will be divided (about 53 percent to owners and 47 percent to players over the next decade; the old CBA resulted in nearly a 50-50 split); a per-club cap of about $120 million for salary and bonuses in 2011 -- and at least that in 2012 and 2013 -- plus about $22 million for benefits; a salary system to rein in spending on first-round draft picks; and unrestricted free agency for most players after four seasons.

The final process for negotiating the new collective bargaining agreement will begin after the NFLPA recertifies as a union. Benefits and health care, handling of grievances and the substance-abuse policy are all things that players will negotiate after they reform as a union, but the lack of a CBA will not hold up 2011 league business from beginning."

One last thing…
Watch TheBlaze live and on demand on any device, anywhere, anytime.
try premium
Exclusive video
All Videos
Watch BlazeTV on your favorite device, anytime, anywhere.
Try BlazeTV for Free
Sponsored content
Daily News Highlights

Get the news that matters most delivered directly to your inbox.