AFL, Players reach Collective Bargaining Agreement

The Arena Football League and its players association said Monday that they completed a new collective bargaining agreement.

According to SportsBusiness Daily , an affiliated publication, completion of the new agreement is a major step in the league’s restructuring effort. The league’s board of directors said in December that it would suspend the 2009 season in order to come up with a long-term plan to improve its economic model.

SportsBusiness Daily said concessions included a reduced salary cap and team roster reductions. The agreement still must be approved by AFL team owners and players.

The report said that AFL Executive Committee Vice Chair Jim Renacci expects that an announcement on resuming play could come in the next 30 days.

I certainly hope whatever announcement they make is good news!

~ Hath

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