There's optimism building that the NFL owners and NFL Players Association will strike a deal avoiding a lockout for the rest of the spring and summer. There was a 24-hour extension filed on Thursday night and the rumor floating around is that they want to extend things another week, though that obviously has yet to happen.
There are a lot of key issues involved in the negotiations but the biggest is how to split the revenue.
The short explanation: There's $9 billion in revenue and the two sides currently split that down the middle, basically. More specifically, the owners get $1 billion off the top of that $9 billion for their stadiums and the players get 60 percent of the remaining $8 billion (or about 50 percent of the total $9 billion). The owners wanted $2 billion off the top moving forward which would significantly decrease the players cut (by as much as 18 percent, according to some reports). So they're arguing over $1 billion basically.
With all this optimism surrounding a deal, are they any closer on figuring out how to split that revenue? ESPN's Adam Schefter says...sort of.
Two sides still roughly $25 million apart per team per year. Doesn't sound like much but it's a $750-$800 million gap that must be closed.
Arguing over $800 million is better than arguing over $1 billion, right?