NFL management, led by commissioner Paul Tagliabue called the union an hour before the Sunday midnight deadline to say that they take the proposal to all 32 owners, Mortensen reports. Twenty-four of the 32 owners must OK the deal for it to be ratified.
As far as the deal parameters, here's what we know:
The deal also includes the ability to give credits and make adjustments on individual teams' spending on cash over the cap, according to what Upshaw told Mortensen. It is possible that a team that exceeds the spending limit will have their salary cap adjusted the following year by the amount they spend over the cap.