The NFL’s $1 billion purse sale is underway
NFL commissioner Roger Goodell is about to sign a new deal with the NFL Players Association that will bring the NFL’s collective bargaining agreement to $1.1 billion.
The NFL’s deal includes an extension of the franchise tag and salary cap increases that are set to kick in next season, and it will also allow the league to re-evaluate its long-standing stance on player safety issues.
The league also has to give the union a $500 million guarantee.
The NFLPA says it’s willing to pay as much as $750 million to cover the guarantees, but Goodell has said the union is not going to budge on that amount.
As of Monday morning, the NFLPA had about $8 billion to work with, and that figure will be more than enough to pay all of the guaranteed contracts for the upcoming season.
The league is expected to give teams until the end of March to sign the contracts.
The deal is expected for a signing date at the end, but it’s possible that it could take longer.
Goodell said that the union will negotiate on its own terms with the commissioner before a deal can be signed.
The union and the league are also expected to negotiate new contract terms for the NFL.
Goodell has been under pressure to find a way to bring the salary cap to $500 billion, and the deal has already helped get the ball rolling.
The cap is expected next year to reach $841 million, up from $804 million in 2018.
The full details of the new deal have not been released, but the New York Times reported that it will increase the minimum salary from $17 million to $18 million for the first time in the league’s history.
The deal also includes $1 million in guaranteed money for every player who is traded or released.
It’s not just the salary that the deal will help cover, either.
Goodell is expected be able to increase the number of games that teams can play next season from 22 to 30, and he is expected use the additional money to extend a roster spot.
The move also helps keep the salary capped.
The salary cap has been frozen since the 2010 season.
That was due to the lockout, which left the league with no real way to figure out what teams were actually worth.
With the new guaranteed money, the league will have a way of determining which teams are worth it.
The new deal is also expected that will help the NFL pay for some of the major salary cap issues.
According to the Associated Press, the new collective bargaining agreements will have $3 billion in savings for teams in 2019 and 2020.
The deals will also increase the amount that teams will be allowed to spend on player contracts.