End of NFL lockout near

The NFL will soon get under way. Owners voted 31-0 in favor of ending the lockout in a meeting in Atlanta. The owners approved a 10-year agreement with the players association. The players association has reviewed the agreement but has not yet voted on it.

The main issue of the disagreement between players and owners was how to manage the league’s $9 billion yearly revenue. Owners said their share did not reflect rising costs related to stadiums and marketing. Players disagreed.

The new agreement includes many compromises. A rookie wage system, a team salary cap of $142 million, retirement options and better injury insurance and wage compensation for players.

The annual Pro Football Hall of Fame Game has been cancelled due to the lockout.