Breaking: NFL owners opt out of labor deal

The official statement from the NFL

 "The NFL earns very substantial revenues. But the clubs are obligated by the CBA to spend substantially more than half their revenues…on player costs. In addition, as we have explained to the union, the clubs must spend significant and growing amounts on stadium construction, operations and improvements to respond to the interests and demands of our fans. The current labor agreement does not adequately recognize the costs of generating the revenues of which the players receive the largest share; nor does the agreement recognize that those costs have increased substantially – and at an ever-increasing rate – in recent years during a difficult economic climate in our country. As a result, under the terms of the current agreement, the clubs’ incentive to invest in the game is threatened."

It broke over the weekend that this was more or less a foregone conclusion that this would happen. If you want the whole story about what it could mean, be sure to check out the story I wrote on Saturday . In short, nothing whatsoever will change for the next two seasons.