NFL owners approve six-year CBA extension
GRAPEVINE, Texas -- NFL owners chose the certainty of a salary cap over the prospect of life without one, and they're paying for it.
The league agreed Wednesday to the union's proposal, including a revenue-sharing component that will cost owners nearly a billion dollars over the next six years.
The deal will carry the NFL's 32 franchises through the 2011 season. Two low-revenue teams, Buffalo and Cincinnati, cast the only votes against.
Commissioner Paul Tagliabue ...
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Labor peace between the owners and union finally has been reached. After a two-day meeting in Dallas, the owners have accepted the NFLPA's offer for a six-year CBA extension. Story
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