To understand why we now have a lockout with a union that has de-certified, we have to first look at the Collective Bargaining Agreement.
After a long struggle of bickering back and forth, negotiations came together very quickly over a single weekend. Federal Judge Doty put pressure on the league to accept a revised proposal from the union.
The deal was rushed through in a fashion that made the legal (and illegal) back room deals that got Obama Care passed in the Senate look like child’s play. Just like then Speaker Pelosi said of Obama Care, the NFL owners would have to pass the deal to find out what was in it. Just like Obama Care, there were some land mines embedded deep within the agreement.
The biggest one was that the hold back that the league got off the top of the revenue to help defray the expenses of putting on the games was a fixed amount–one billion dollars. As the revenues grew that fixed amount became a smaller and smaller percentage of total revenue. The result was that as revenues grew the players were getting far more than the 59.5% of total revenue that they were designed … Read more at FryingPanSports