NFL: Owners, players have 'lot at risk' if no deal (by March 3)

[Omaha Steve]

http://www.fresnobee.com/2011/01/27/2249630/nfl-players-to-lose-millions-if.html

Posted at 10:56 AM on Thursday, Jan. 27, 2011
By HOWARD FENDRICH - AP Pro Football Writer

NEW YORK -- The NFL already is feeling financial effects from the uncertainty of its labor negotiations.

The league estimates its cumulative gross revenue losses could reach $1.7 billion by 2015 if there is no agreement with the players' union before the next regular season is scheduled to start.

In a 1 1/2-hour session with reporters at league headquarters Thursday, a half-dozen NFL executives set out to explain why they believe both sides could forfeit hundreds of millions of dollars if a new labor collective bargaining agreement isn't reached by the March 3 deadline.

"Players have a lot of risk; clubs have a lot of risk," said Jeff Pash, the NFL's lead labor negotiator. "We know that the financial consequences of no agreement - of a significant delay in reaching an agreement - will be significant and will be shared. It does not fall on one party."

FULL story at link.

[daggahead]

1. "Risk," huh?

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