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Thursday, March 09, 2006 

Give (Labor) Peace a Chance

Well, that's finally settled. The NFL owners voted 30-2 to approve the union's latest offer, and the CBA has been extended for 6 years. It was interesting to read how Paul Tagliabue stressed to the owners that labor peace and the cap had rapidly increased the value of their franchises. Businessmen can have a hard time looking at intangibles, and in this case the negotiations were being hamstrung by a group of owners who couldn't see past 1 or 2 percent of extra revenue going to the players. In effect, the owners decided to give a little, instead of risking a lot more in the long-term.

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