AFL may resume play in 2010

NEW YORK (TICKER) —After suspending operations late last year, the Arena Football League announced on Tuesday that it is on track to resume play in 2010.

The league also announced that it has reached an agreement with the Players’ Association to significantly amend the Collective Bargaining Agreement.

The AFL and the players union have signed a term sheet setting forth revisions to the CBA which will only become binding when both the AFL owners and players ratify the term sheet.

If approved, the four-year deal would be in effect from the 2010 season through the 2013 season.

The 23-year-old league agreed to suspend operations on December 15, 2008.

“This is a critical step forward for our game, the men who play it, and the fans who love it,” AFL acting commissioner Ed Policy said.

“The AFL is working tirelessly to develop a comprehensive plan to ensure that the league not only survives but thrives as a business enterprise. This revised deal with the players provides a fundamental and vital foundation upon which we can rebuild the economic model of our league and its teams.”

Updated Tuesday, Mar 17, 2009