NFL players have been talking about the possibility of a new collective bargaining agreement in the wake of a lockout that has resulted in a decline in television revenue.
The league’s players union has also suggested that the new deal could be in the $2 billion to $3 billion range.
The current collective bargaining deal expired last week, and the NFL has been trying to negotiate a new one since the start of the year.
The players have asked for a one-year extension.
The NFL has offered the two sides $1 billion in additional salary cap space in the new contract.
However, the union has argued that the team’s current salary cap is over the league minimum.
That is the amount that the league is willing to pay to players, according to the NFL Players Association.
That means the league has been willing to offer a one percent raise for players, which would put the cap in the ballpark of $50 million, according the league.
The new agreement would likely be made up of two pieces: an additional $600 million for the 2016-17 season and a $600,000 bump for the 2017-18 season.
That would bring the cap up to about $5.6 billion, the league said in a statement.
The salary cap for next season would increase to $4.6 million.
In a recent interview with ESPN, NFLPA Executive Director DeMaurice Smith said the league would “absolutely” agree to the new offer.
“We have the support of the players.
We have the leadership of the NFL.
We’re not going to take it from the players,” Smith said.
“We’ll take it back to the players and make sure that we’re going to get this done.
But we have to do it.”
A new collective bargain will be announced on Thursday.