A recent court ruling resulting in the withholding of $4 billion in television revenues from NFL owners' war chests was thought to be a significant blow to their ability to stay financially solvent in the face of a work stoppage, but that apparently is not the case.
According to the Wall Street Journal, even without that huge sum of cash, the owners have set aside enough other money to cover their losses in case the entire 2011 season is canceled. As a result of such financial stability, the owners may be less desperate to compromise than they otherwise would be.
If the standoff lasts until 2012, however, the owners would need that television revenue to stay afloat.
The owners and players have now entered what could be an extended legal battle following Friday's decertification and lockout.
