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NFL's rookie pitch frees $1.2B by 2016

Updated: April 14, 2011, 10:34 AM ET
ESPN.com news services

NEW YORK -- The NFL wants to cut almost 60 percent of guaranteed pay for first-round draft picks, lock them in for five years and divert the savings to veterans' salaries and benefits.

More than $525 million went to first-rounders in guaranteed payments in 2010. The league wants to decrease that figure by $300 million, according to documents obtained by The Associated Press.

The league's offer would free a total of more than $1.2 billion over four years through 2015 -- $37.5 ...

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