NFL Lockout Nears an End

 JOHN PAUL FILO/CBS

NFL fans and the TV networks that depend on pro football to fill their fall and winter schedules can breathe a sigh of relief.

The NFL lockout is about to end.

On Thursday, the NFL owners voted to pass a resolution that approves a settlement in the Brady Vs. NFL lawsuit, paving the way for the end of the lock-out, a settlement with the players and a full football season.

NFL Commissioner Roger Goodell said at a press conference after the vote that they have also approved a supplemental revenue sharing system that should ensure labor peace with the players for a decade.

"With this ratification and with the ratification of the NFLPA board, we will be prepared to open training facilities beginning on this Saturday,” said Goodell. “We will then be prepared to start the new league year Wednesday, subject to the full membership of the players, ratifying the agreement and recertifying as  a union."

While the vote by the players was put off on Wednesday, it is expected they will ratify the new plan. The players reps have scheduled a press conference for Thursday evening where they are expected to announce approval.

This means teams can open training camp, sign players and move forward with the season. It also means that networks who plan to air pre-season games, as well as CBS, Fox, ESPN, DirecTV and others who are going to carry the regular season games can move full speed ahead with their planning.

The only casualty is the annual Hall of Fame Game in Canton, Ohio, which has been cancelled for this year.

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