One day after agreeing to a 24-hour extension of the Collective Bargaining Agreement, the NFL and the NFLPA have now agreed to a one-week extension which will last through Friday, March 11.
That much is certain. The exact time of the expiration has been reported to be 5 PM (EST) according to Adam Schefter of ESPN. Multiple media outlets are reporting that a moratorium on player transactions will remain in place.
For all intents and purposes, the league year from a transactions perspective ended Thursday night at 11:59 PM (EST) which was negotiated as part of the initial 24-hour extension. Teams were, however, allowed to negotiate with their own free agents or players who had been released as part of the 24-hour extension, but it is not known if that will be allowed to continue in this new extension.
An extension was granted in 2006 when the last CBA was negotiated and eventually a deal was reached without a work stoppage.
-- Posted by Chris McPherson, 2:40 p.m., March 4