The NFL and the players' union are heading toward the final hours of the collective bargaining agreement that will expire March 3, Thursday midnight. So far two things will surely happen,
First, the NFL owners could decide to lockout the players
Second, the March 3 deadline could be extended.
Based on reliable source, it looks like both sides, the NFL and the players union will opt for a 24-hrs extension of negotiation, according to live tweets from YahooSports.
If NFL lockout happens, America's most popular sport might lose the 2011 NFL regular season and the first stoppage since 1987. That would be a hard blow to football fans who buy tickets and propel TV ratings, helping the NFL become an industry with annual revenues topping $9 billion, as ESPN reports.
However, if NFL and players labor union agree a 24-hours extension, even it could make into 48-hours or 72-hours as long as there's an agreement to be made would be good news to the fans. Currently both parties are wrapping up their intensive discussion.
=> Jeff Saturday confirms 24 hour extension
=> NFLPA contingent leaves. DeMaurice Smith says, "we're going to keep working.We want to play."
@nflfans, sigh, of relief.