NFL agrees to contract extension with Commissioner Roger Goodell – CNBC

The National Football League has agreed to give its commissioner, Roger Goodell, a contract extension.

The NFL’s Compensation Committee informed all owners of the move in a memo obtained by CNBC Wednesday.

A “binding contract extension has been signed by the Commissioner and by Arthur Blank, on behalf of the League entities,” the memo said. The memo also cites “a nearly unanimous consensus among the ownership in favor of signing the contract extension now.”

The Compensation Committee received unanimous authorization from the owners in May 2017 to execute the contract. Since then, Cowboys owner Jerry Jones has reportedly been working to derail the process.

Read the full memo below:

Dear Owners,

Please see the below message sent on behalf of the Compensation Committee.

All,

In recent days, we have spoken with each of you individually regarding the status of the negotiations to extend Commissioner Goodell’s employment contract. ‎In the course of those discussions, we have reviewed with you the details of the contract extension. Our Committee unanimously supports the contract and believes that it is fully consistent with “market” compensation and the financial and other parameters outlined to the owners at our May 2017 meeting, as well as in the best interests of ownership. We also have expressed in those conversations our strong and unanimous belief that we should proceed to sign the agreement now, consistent with the unanimous May resolution and to avoid further controversy surrounding this issue.‎ We are pleased to report that there is a nearly unanimous consensus among the ownership in favor of signing the contract extension now.

Accordingly, this will advise the ownership that a binding contract extension has been signed by the Commissioner and by Arthur Blank, on behalf of the League entities.

We are pleased to have resolved this issue and

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