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    NFL collective bargaining agreement, explained | Fox Business

    NFL players have voted to approve a new collective bargaining agreement with team owners that will change the financial and professional lives of thousands of people over the next decade, union representatives said Sunday.

    NFL Players Association members voted to approve the deal by a narrow margin, with 1,019 players voting in favor and 959 voting against the deal. As a result, the NFL will have labor peace at least through the 2030 season.

    Reading: Nfl collective bargaining agreement summary

    nfl owners approve proposed labor agreement and establish player vote

    fox business breaks down the key facts you need to know about the labor deal below, based on a term sheet published by the nfl network.

    economic impact

    One of the biggest concessions NFL owners made to the players’ union relates to the division of league revenues, which totaled more than $16 billion in 2018 alone from sources such as player-rights deals. media and corporate sponsorships. Under the terms of the deal, the players will receive 48 percent of NFL revenue beginning in the 2020 season.

    players’ revenue share could rise to 48.5 percent through a midfielder in any season that features 17 regular-season games. NFL owners aim to implement a 17-game regular season beginning in 2021. The largest revenue division is anticipated to transfer $5 billion to players over the 10-year term of the deal compared to the division of previous income.

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    The agreement also includes a provision designating any money earned from sports betting as subject to revenue split, ensuring that players will receive a cut.

    player salaries

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    NFL point guards receive an immediate salary increase under the agreement. The NFL’s minimum salary for rookies would increase to $610,000 for the 2020 season, an increase of $100,000 from the previous minimum. The higher revenue share should lead to an increase in the NFL’s salary cap.

    nfl rosters will have more open spots, ensuring more jobs for fringe players. scrimmage players’ pay will increase to $10,500 per week. performance-based pay will also increase. the negotiations resulted in a last-minute concession by the owners, who agreed to waive a $250,000 cap on game checks for players in the final game of the 17-game regular season.

    schedule changes

    The nfl regular season schedule will eventually increase to 17 games per team, up from the current 16 games. each team will play three preseason games, instead of four.

    The prospect of a longer season was met with widespread criticism among players who raised concerns about potential health risks. the modified regular season roster will likely go into effect in 2021 or later.

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    in addition, the nfl will expand its postseason, which will allow seven teams per conference to access the playoffs. the wild card round will consist of six games in total, with three games played on Saturday and three played on Sunday.

    benefits for the player

    Pension plans for former NFL players will increase 10 percent, while the 401k match will see an initial increase of $30,000 followed by yearly jumps. players will be eligible for vision coverage as part of their health care package for the first time and will receive increased tuition reimbursement, among other improvements.

    The NFL also agreed to reduce player fines for conduct on the field and use a neutral referee in most disciplinary cases. if released mid-season, players are eligible for a termination pay of 35 percent of their salary or two weeks pay if they are on a minimum contract.

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    training hours will be reduced in the off-season, with fewer practices on full pads, fewer practices on consecutive days and higher pay for activities.

    drug policy

    Positive marijuana tests will no longer result in game suspensions. In addition, the NFL will reduce the THC testing window to two weeks before the start of training camp, instead of four months under the previous system.

    star players hate the deal

    The terms of the labor agreement prompted the immediate condemnation of some of the NFL’s most notable stars, including Seattle Seahawks quarterback Russell Wilson, Houston Texans defensive end JJ Watt, and Houston Texans quarterback JJ Watt. Green Bay Packers field guard Aaron Rodgers. all three players tweeted that they would vote to reject the deal.

    rodgers cited pressure for a longer regular season schedule as a key point of contention.

    “16 games was never a bargain for me,” rodgers wrote on twitter. “The owners made it clear that Game 17 is about paying for ‘extra’ benefits and had nothing to do with the positive feedback received about the additional risks associated with the additional regular season game.”

    click here for more sports coverage on foxbusiness.com

    The Associated Press contributed to this report.

    this story has been updated.

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