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It could take a month for there to be a ruling on the union’s injunction request, and antitrust judgments should take longer.

Depending on what happens in court — a Minnesota judge has held jurisdiction over NFL labor matters since the early 1990s — next season could be threatened. The last time NFL games were lost to a work stoppage came when the players struck 24 years ago, leading to games with replacement players.

A lockout is a right management has to shut down a business when a CBA expires. It means there can be no communication between the teams and current NFL players; no players — including those drafted in April — can be signed; teams won’t pay for health insurance for players.

Even though the NFL is early in its offseason — and the regular season is six months away — this is hardly a complete downtime. Free agency usually begins in March, and there are hundreds of free agents now in limbo. Also this month, under a regular schedule, team-organized offseason workouts would start. The lockout grinds all such activity to a halt.

March and early April are when many sponsors and corporate partners renew their deals with the NFL, part of why the league says hundreds of millions of dollars in revenue are going to be lost now.

“This obviously is a very disappointing day for all of us. I’ve been here for the better part of two weeks now, and essentially … the union’s position on the core economic issues has not changed one iota,” New York Giants owner John Mara said. “One thing that became painfully apparent to me during this period was that their objective was to go the litigation route.”

The NFLPA also decertified in 1989. Antitrust lawsuits by players led to a new CBA in 1993 that included free agency, and the union formed again that year.

The sides met from 10 a.m. until about 4 p.m. Friday, discussing a new proposal by the owners. When the possibility of a third extension to the CBA was raised, the union said it first wanted assurances it would get 10 years of audited financial information.

“I will tell you this: Any business where two partners don’t trust each other, any business where one party says, ‘You need to do X, Y and Z because I told you,’ is a business that is not only not run well, it is a business that can never be as successful as it can be,” Smith said.

At 4:45 p.m., Smith and the union’s negotiators left the mediator’s office. About 15 minutes later, the union decertified.

“No one is happy where we are now,” NFL lead negotiator Jeff Pash said. “I think we know where the (union’s) commitment was. It was a commitment to litigate all along.”

After Pash talked to the media outside the Federal Mediation and Conciliation Service, union lawyer Jim Quinn spoke at NFLPA headquarters about three blocks away and said: “I hate to say this, but he has not told the truth to our players or our fans. He has, in a word, lied to them about what happened today and what’s happened over the last two weeks and the last two years.”

The NFL said its offer included splitting the difference in the dispute over how much money owners should be given off the top of the league’s revenues. Under the expiring CBA, the owners immediately got about $1 billion before dividing the remainder of revenues with the players; the owners entered negotiations seeking to roughly double that.

But the owners eventually reduced that additional upfront demand to about $650 million. Then, on Friday, they offered to drop that to about $325 million. Smith said the union offered during talks to give up $550 million over the first four years of a new agreement — or an average of $137.5 million.

“We worked hard,” said NFL Commissioner Roger Goodell, who was joined at mediation on Thursday and Friday by nine of the 10 members of the owners’ powerful labor committee. “We didn’t reach an agreement, obviously. As you know, the union walked away from the mediation process.”

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