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Leagues and Governing Bodies

NFL CLOSE TO LABOR PEACE?; OWNERS SPEAK OUT ON CONTRACTS

          The NFL "is on the brink of an agreement that would
     guarantee years of labor peace," according to Mike Freeman
     of the N.Y. TIMES.  Freeman: "High-ranking officials with
     the N.F.L. and the union said this is the closest they have
     been to an agreement during a negotiation process that began
     last April and has had numerous ups and downs."  Neither
     side would discuss details, but Freeman wrote that the
     league could announce an deal next week (N.Y. TIMES, 2/22).
          MONEY TALKS: In Boston, Will McDonough wrote that the
     NFL "went crazy giving away stupid money" to players this
     past week, calling it "Exhibit A that teams now are
     financially drunk with the power of television money." 
     Bills Owner Ralph Wilson: "The league turned the corner this
     past week and is headed in another direction.  Down." 
     Ravens Owner Art Modell: "We have some owners in this league
     right now that don't know what they are doing.  There's no
     balance to what they are doing.  They are throwing around
     big money on guys that aren't worth it."   McDonough pointed
     to the Vikings' five-year deal with John Randle which
     includes a $10M signing bonus and $9M of guaranteed money. 
     Wilson: "You give football players guaranteed contracts and
     you will end up with flag football" (BOSTON GLOBE, 2/21).

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