NFL Deadline Nears
Failure to reach new collective bargaining agreement could result in lock-out.
In just hours the locks on NFL practice facilities around the country could cinch a bit tighter
as negotiations between the league and players union continue outside of Washington.
Hope is fading that there will be a new labor deal before the current contract expires at 11:59 eastern tonight, which would likely mean a lockout.
"It is very likely because both parties have made an adamant stance that they are not going to move off of the things that they want," Indianapolis Colt Cato June said Thursday.
The main sticking point is money.
Owners are looking to double the billion dollars they currently take off the top of league revenues to cover operational costs, stadium construction and other items.
Last year the NFL made about $9-billion, in large part the players say, because of their work on the field.
"The undeniable fact is that the share of all revenue that has gone to players since '06 has gone down," points out NFL Players Association Executive Director DeMaurice Smith.
Frustration over the fight goes all the way to the White House.
"I'm a big football fan, but for an industry making $9 billion in revenue they can figure out how to divide it up," President Obama said in a Thursday afternoon press conference.
Until the they do the losers in the game will be the fans, forced to worry if there will be a "next season."