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NFL Labor Update: Disclosure Of Financial Data Latest Obstacle

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One of the cries that we've heard through the NFL's labor negotiations is that the players want the NFL owners to "open the books" so that everyone can see what kind of money the teams are making. . .or losing, as the case may be.

Well, in something that I'm not really completely sure that I understand, Adam Schefter is reporting that the NFL did agree to disclose some financial data. . .and the NFLPA refused to look at it?

Earlier this week, the NFL agreed to disclose league-wide profits and to show how many clubs had declining profits during the course of the most recent CBA, agreeing to a request NFLPA executive director DeMaurice Smith made in October and it had originally balked at.

When the NFL did, the NFLPA declined to see it, a source familiar with the process told ESPN NFL Insider Adam Schefter, because it would compromise its public position on financial transparency.

Can that be right? Well, the NFLPA does want the owners to open their books and turn over financial information. . .they've determined that what the league has turned over simply isn't sufficient.

The owners are asking the players to take a $1 billion cut. . .owners currently get the first $1 billion in NFL profits before anything goes to the players, and now they're asking for the first $2 billion. . .so it's understandable that the players want as much financial information as they can get. But, with 48 hours to go before the next drop-dead date for negotiations, it's starting to sound like this one could be a deal breaker.