The NFL and the NFL Players Association have reached agreement on a week-long extension of talks. The two parties will continue negotiating next Monday.
The new CBA expiration date is next Friday, sources tell ESPN NFL Insider Adam Schefter.
The extension also includes a “tolling agreement” — in this scenario, the league’s 32 teams still will be prohibited from executing player transactions — the same agreement reached via a 24-hour extension of talks Thursday. During this period, teams can talk about players but signings or renegotiations of current contracts cannot occur.
The week-long extension and the 24-hour extension that preceded it have stalled an NFL work stoppage. This is good news – as SB Nation recently pointed out, Yahoo’s Mike Silver recently reported that if the league and the players were to reach an extension like this one, it would likely mean that they were headed toward an agreement, which they would reach within a few weeks.