NFL Lockout could be over by next week

In a extremely fast turnaround, NFL owners and players have gone from canceling the entire pre-season to possibly ending the four month long lockout as soon as early next week.

Sources say today that both sides are moving closer to a completed deal that will take effect almost immediately, and bring football back. When the league announces that the deal has been struck, free agency will begin almost immediately, with training camp following.

The new CBA will be 7-10 years in length. Issues that could be holding things up are resolution in the Brady et al vs. NFL lawsuit.

On Thursday the two sides agreed to a new rookie wage scale. Another hurdle they agreed on was a $120 million salary cap for this up coming season.

ESPN reports that they will put together the paperwork over the next two days, and then head to Minnesota to work with the judges to end the litigation process that submerged this lockout into very bleak conditions.

By Thursday of next week , after the players and owners ratify the new deal the 2011 season could begin.