Cleveland.com has done a great job breaking the new NFL Labor agreement down into an easy to understand Infographic which you can see below.
Highlights of Labor Deal
• Owners will receive about 53%of the revenue over the duration of the 10-year deal, the players 47%. The old CBA had nearly a 50-50 split.
• A per-club salary cap of about $120 million for salary and bonuses was set for 2011—and at least that for 2012 and 2013. That figure is down about $8 million from the 2009 figure. The trade-off is a salary floor this year and next of 99%—or $119.2 million. That means that teams like the Browns, Raiders and Bills must spend at least $119.2m this year and next.
• A salary cap on first-round draft picks was agreed on. With some of the savings, the NFL owners will created a Legacy Fund to increase health benefits for players who retired before 1993.