UPDATE II: Free agency will begin at 11:01 CST tomorrow night.
For real this time.
UPDATE: THE NFL OWNERS HAVE AGREED TO A SIX YEAR EXTENSION OF THE COLLECTIVE BARGAINING AGREEMENT BY A 30-2 VOTE, WITH BUFFALO AND CINCINNATI VOTING NO. THE SALARY CAP WILL RISE BY $10 MILLION TO $104 MILLION.
No word yet on whether the opening of free agency has been postponed. If not, the fireworks will begin in roughly three hours.
ESPNews quotes Jerry Jones, who appears to be the designated spokesman for ownership, as stating withing the last 15 minutes, "we're getting close...we're getting close. This could take another 30 minutes or so."
According to NFL labor rep Vic Cariucci, the formula being considered is "very complicated."
If an agreement among the owners can be reached, we'll have the best news of all.
The bad news, at least in the short term, is than a new CBA will surely push free agency back again -- though this would be for the final time.