Breaking: NFL Lockout Draws To A Close; Owners and Players Agree to Terms on New CBA

EAST RUTHERFORD, NJ - MARCH 03: An empty parking lot is seen at New Meadowlands Stadium, home of the NFL’s New York Jets and New York Giants, March 3, 2011 in East Rutherford, New Jersey. Last minute negotiations between the NFL owners and its players union are being held as the two sides face a midnight deadline to avoid a possible lockout next season. (Photo by Mario Tama/Getty Images)

After 136 days of hard-fought, grind-it-out litigation, it appears the NFL Lockout will officially be coming to an end later today.

I REPEAT -- FOOTBALL IS BACK!

Pending a vote to gain the Players' approval, which is expected to happen later today, the new Collective Bargaining Agreement would be in place for the next 10 years.

Team facilities are slated to open Tuesday, while training camp would start on Thursday for 10 teams, Friday for 10 and over the weekend for the other 12.

Fox Sports' Jay Glazer delivered the best news since the Steelers (who knocked out Gang Green) lost to the Packers in Super Bowl XLV via Twitter:

"I said I wouldn't jump in til they agreed... They've FINALLY agreed! Sources say 2 sides this hour FINALLY agree to terms of new CBA.

He also added:

"Players still gotta vote [on the new CBA] but it'll pass"

Earlier, NFL Network's Albert Breer Tweeted NFLPA officials met in DC until 12:30 a.m. this morning and that negotiators from both sides would continue to work through the night. Looks like they never stopped working.

There will be a press conference held later in the day to announce the approved deal. We surmise both Roger Goodell and DeMaurice Smith will be in attendance.

More to come as the day rolls on: Keep it here!

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