Adam Schefter of ESPN is reporting that the NFL and NFL Players Association have agreed to extend mediated labor negotiations for another week. Both sides now apparently formally agreed to the seven-day extension.
Schefter reported that negotiators will break for the weekend and that talks will resume on Monday. The new deadline is next Friday, March 11, at 5 p.m. ET.
In addition, Schefter reported that no transactions can be done during the extended negotiating window. So, no cuts, no signings. Just negotiations for a new collective bargaining agreement.
This has to be considered good news. Michael Silver of Yahoo! Sports had earlier written that if an extension of a week or more could be reached it was a strong signal that an agreement on a new CBA could happen before the end of the month.
No one is currently voicing that much optimism, but this certainly has to be taken as a positive sign.