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NFL Lockout News: $1B Would Be Lost In Revenues If Preseason Is Cancelled

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As if there were no other reason needed to get a new CBA in place and the lockout lifted and over with, now there is reportedly a new one. According to league sources, if the lockout continued long enough that it led to the preseason being cancelled, it would mean a loss of about $1 billion in revenue and the loss could be around $350 million if there is no agreement in place by August 1.

This hopefully is reason enough for both sides to continue in talks.

Ideally, the urgency will go up because, in the end, the money is split based on a percentage. Less revenue means there is less pie to split up. 

Luckily, things are actually happening. The latest rounds of confidential talks have concluded, having taken place in Long Island (not in New York as previously reported), but, as Albert Breer of NFL Network reports, "they'll meet again soon." He also tweeted that "these meetings are of a very serious nature, and expected to happen frequently for the foreseeable future."

This is good. 

Now I know that this lockout news is painful and repetitive, but I feel that we need to know what is going on. It is obviously not what we want to talk about, but if you do not already get NFL news elsewhere about the lockout, I want to make sure that you can stay up to date here. 

Let's hope that things keep moving in the right direction. We can ill afford any more setbacks.