With the NFL and its players still trying to hammer out a new CBA, I decided to take a glimpse back in time to May 20, 2008, when the NFL announced it would opt out of the 2 year old CBA (set to expire at the end of the 2012 season).
Sometimes it can be fun to reminisce.
Here's an excerpt from the NFL's press release entitled, "NFL owners opt out of CBA":
The current labor agreement does not adequately recognize the costs of generating the revenues of which the players receive the largest share; nor does the agreement recognize that those costs have increased substantially -- and at an ever increasing rate -- in recent years during a difficult economic climate in our country. As a result, under the terms of the current agreement, the clubs’ incentive to invest in the game is threatened.
The press release goes on to state,
There are substantial other elements of the deal that simply are not working. For example, as interpreted by the courts, the current CBA effectively prohibits the clubs from recouping bonuses paid to players who subsequently breach their player contacts or refuse to perform. That is simply irrational and unfair to both fans and players who honor their contracts. Also irrational is that in the current system some rookies are able to secure contracts that pay them more than top proven veterans.
The NFL also declared that it was "resolved to do our best to achieve a fair agreement that will allow labor peace to continue through and beyond the 2011 season".
Ok - maybe not that much fun.