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NFL Lockout Update: Both Sides Storming Toward Settlement; Rookie Wage Scale, Salary Cap in Place

Almost one-third of the year 2011 has gone by, and finally the NFL and NFLPA are closing in on a settlement, and the NFL just might be back sooner than we know it.

Adam Schefter of ESPN is reporting that both sides have agreed in principle to a rookie wage scale, and that a salary cap of $120 million has bee agreed upon as well.

The sudden progress is being called “unforeseen momentum” and talks are headed in the best direction that they have been all Summer long. Sources have also notified ESPN that any loss of momentum to a deal is unlikely because there is finally a sense of urgency in the talks.

Teams need this deal to get done soon, mainly because training camp is set to open in two weeks, and if a deal could get done there would be a decent enough amount of time to sign free agents, and possibly have a short mini-camp.

This is about as good of news as NFL fans could expect.

Photographs by spatulated, Triple Tri, and chrischappelear used in background montage under Creative Commons. Thank you.