NFL Owners and Players Agree on a Deal to End Lockout [VIDEO]
Two people familiar with the negotiations have told The Associated Press that a deal has been reached by NFL owners and players to end the four-month lockout.
The players' executive board and team reps signed off Monday on the terms that had already been approved by the owners.
Representatives from both groups worked through the weekend and finalized a pact Monday for 10 years, without an opt-out clause.
In 2008, owners opted out of the league’s old labor contract, which expired this past March, setting off the player lockout and the NFL’s first work stoppage since 1987.