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The players currently get 59.6 percent of designated NFL revenues, a number agreed to in the 2006 CBA. The owners say that's too much, arguing that they have huge debts for building stadiums and starting up the NFL Network and other ventures, making it impossible to be profitable.
The NFL generates nearly $8 billion in revenues annually, with about $1 billion going to operating expenses. The owners get about 40 percent of the rest, but they want about $1.3 billion more before the players get their cut, and they'd like two more regular-season games to get more money out of the networks for everyone.
Players have said they won't take anything that amounts to a pay cut. Smith has been warning players since he took office in early 2009 to put aside money in case of a work stoppage.
[Associated Press;
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