Dec. 15 (Bloomberg) -- Australian Football League players and the league agreed on a new labor deal worth A$1.4 billion ($1.4 billion) over the next five years, bringing to an end 18 months of negotiations.
The AFL and AFL Players’ Association today signed a collective bargaining agreement under which the average player salary will rise to about A$300,000 by 2016, the AFL said.
“This is an excellent outcome for all parties,” AFL Chief Executive Officer Andrew Demetriou said in a televised news conference. “The agreement makes AFL players the best rewarded athletes in Australia.”
The accord will be reviewed in 2014. Although the players’ association had wanted a three-year agreement, the Melbourne-based AFL wanted the length of the deal to concur with the five-year, A$1.25 billion broadcasting contracts it signed in April.
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