By AP

After 16 days of mediated talks, the NFL and the players’ union could not reach agreement on a new labor deal. The NFL released what it described as a summary of its proposal to the union:

1. We more than split the economic difference between us, increasing our proposed cap for 2011 significantly and accepting the union’s proposed cap number for 2014 ($161 million per club).

2. An entry-level compensation system based on the union’s “rookie cap” proposal, rather than the wage scale proposed by the clubs. Under the NFL proposal, players drafted in rounds 2-7 would be paid the same or more than they are paid today. Savings from the first round would be reallocated to veteran players and benefits.

Read the rest here.

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