The NFL and the union reached an agreement Monday on how to continue negotiations that have run into the winter, ending months of acrimony between the league and the players union.
The agreement was announced by Commissioner Roger Goodell at a news conference at the White House.
The parties will hold a second meeting at the end of the month.
The deal includes a requirement that teams keep all players for one year, but that is not required for draft picks.
It also gives teams flexibility to make up for lost money and allows them to add to the cap if needed.
The league also has a new collective bargaining agreement, which the players hope to negotiate by the end the month and a new labor deal.
The players want to play for the league for at least five more years.
NFL Commissioner Roger Gillman was in the news on Monday.
He has been criticized for not releasing his long-awaited salary information in full before the NFL Draft.
A new agreement on player compensation is expected to be announced on Tuesday.
That would give some of the players an opportunity to restructure the deals they signed to play under the new CBA.
The new CFA also has some other changes, including a cap that was reduced from $62 million to $58 million.