Details leaked about a 48% share of all revenue for players and unlike the previous collective bargaining agreement the $1 billion credit off the top won't be included.

The meetings held in Chicago this week between the National Football League owners (NFL) and the National Football League Players Association (NFLPA), along with their respective attorneys, seem to go in the right direction towards the signing of a new collective bargaining agreement (CBA). Information leaked about these reunions mention how the money will be distributed among them, which has been the root of the problem that broke out America's longest lockout ever.?

A significant change will occur in this new CBA in comparison the stipulations from the one that expired in March, where the players received 60% of the revenue once the owners had divided close to $ 1 billion in terms of an expense credit off the top the $9 billion revenue model.

This formula wasn't being beneficial for the players due to the high sum of this expense credit, which after dividing the revenue just rounded up to 53% of the 60% share that was actually being received by players. To solve the players' discomfort and create a simplified revenue sharing formula it was decided to take off that $1 billion expense credit, as long as they are willing to reduce their share to 48%.

More stipulations about the new contract were leaked in ESPN journalist Chris Mortensen's article, which if approved it will bring a 16-game Thursday night schedule for the 2012 season, which will result in a new source of revenue.And even though it won't be mandatory, an 18-game season has been designated as an item that can be negotiated, which gives them the change of making more money.

What will be mandatory is the clause that forces teams to spend almost 100% of the salary cap, which in the past demanded that teams spent less than 90% of it. This adjustment will strongly benefit teams such as the Seattle Seahawks that will have approximately $ 40 million available to sign free agents and rookies.

And speaking about rookies, a wage scale will also be included, but no sums have been disclosed yet.

NFL is a growing industry in America, one that not even the recession was able to stop from increasing their revenues. The product that the league has created is giving such big steps that by 2016 the $ 9 billion in revenues that they make is projected to be doubled, which would not only benefit active players, but those retired as well. Why is that Because more money would then be invested on improving the retiree's health and pension funding.

Another stipulation that was also leaked had to do with a player's status as an unrestricted free-agent, for which four years will be needed. Discussion about this topic still need more time to work things out, like deciding which tags will be retained. Same goes for the owners' request for expense credits to finance the construction of new stadiums, which also needs more time to reach satisfactory terms.

We can't tell you how much more there is to walk in this tunnel of uncertainty that the lockout represents, but what we can tell you is that after three months, the first rays of light have been seen.

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