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This was the one aspect of pro football that was so clearly broken that both sides knew major changes were needed.
Well, changes were made. The changes are a good first step, but were probably not major enough.
There will be a cap on the total amount of compensation each team can allot to its rookies every year; in return, the players get shorter initial pro contracts.
Drafted rookies are all going to be on four-year deals, and undrafted free agents are going to sign three-year deals. This length could have been even shorter. In football, it become pretty obvious who is for real and who isn’t after just the first couple of years. Both sides, and especially the competitive balance of the league, would benefit from having rookie salaries become renegotiable at an earlier time.
At least the league attempted to address the obvious need for a new rookie salary system; time will tell if they did enough to truly fix the problem.