The NFL already is feeling financial effects from the uncertainty of its labor negotiations. The league estimates its cumulative gross revenue losses could reach $1.7 billion by 2015 if there is no agreement with the players' union before the next regular season is scheduled to start. In a 1½-hour session with reporters at league headquarters Thursday, a half-dozen NFL executives set out to explain why they believe both sides could forfeit hundreds of millions of dollars if a new labor collective bargaining agreement isn't reached by the March 3 deadline. "Players have a lot of risk; clubs have a lot of risk," said Jeff Pash, the NFL's lead labor negotiator. "We know that the financial consequences of no agreement -- of a significant delay in reaching an agreement -- will be significant and will be shared. It does not fall on one party." Sponsorship deal renewals already are problematic, with some companies telling the NFL they will not commit money if there is a work stoppage, according to Eric Grubman, NFL executive vice president of business operations. Read more: http://sports.espn.go.com/nfl/news/story?id=6065242
