May 20th is the date of the owners meeting...PFT has a story on it...and Mortenson reports that as well...TRUE..it has been kicked around a bit..as lie-gate has had focus and ESPN in bunched up panties...
http://www.profootballtalk.com/category/rumor-mill/
FROM PFT "...the vote will be whether the owners wish to extend the deal by two years, which would take the agreement through the 2012 season (actually, the agreement would be effective until the 2013 draft). And unless at least 24 of 32 owners vote in favor of extending the deal, the deal will not be extended, and will instead expire after the 2010 season (or, specifically, after the 2011 draft)."
"If the deal isn’t extended, there will be no salary cap in 2010. More importantly, 2009 will be the last year with a salary cap, and that will create all sorts of salary-cap headaches for the teams. Indeed, it was the threat of the last capped year that resulted in the 2006 deal."
"In our view, if the non-extension of the contract is inevitable, it makes sense to pull the plug sooner rather than later, so that a real sense of urgency will arise to work out a new agreement."
It makes sense to deal with it NOW rather than later...but that might mean disaster with BadL...