(Image source: MorningJournal)

BY: STEFANIE REDDING

ANCHOR: GARY COTTON

Pro-football fans, breathe easy -- the NFL lockout has officially ended.

After 132 days -- the NFL owners and players came together and unanimously approved a new collective bargaining agreement.

Fox gives a closer look at what’s going to happen next...

“Now going forward there are still some things that have to happen. All 1900 players and the 32 franchises will have to vote on this and ratify it. But that is expected to happen now that the recommendation is coming from the 32 players rests and the council. They have to re-certify their union, that will probably happen. The lawsuit against the NFL will probably be dropped and tomorrow free agents can start to negotiate with the NFL." 

NBC sports writer Mike Florio shares a timeline to get things back on track for the new football season.

“... Tuesday, teams may sign drafted rookies, undrafted rookies, and negotiate with .. their own unrestricted free agents, restricted free agents, exclusive-rights players, and franchise players. …Thursday, teams may waive or terminate player contracts. Friday, teams may renegotiate existing player contracts [and] sign their own unrestricted free agents, restricted free agents, exclusive-rights free agents, and franchise players." 

The deal includes a new salary cap of $120 million -- and according to the 2010 roster, eight teams are already over it.

Here’s ESPN analyst Andrew Brandt.

“This is a group right now over the 120 million dollar cap. I am getting word from the NFL the cap will be calculated on August 2nd that’s the time they have to get under. (flash)All things are in flux right now and there always targets for teams to restructure contracts to go to big salaries, you take bonus we can prorate it and you can have more capital." 

And now that the drama is mostly over -- some are wondering about this years draft class. Are the rookies prepared for the season?

“I don’t think there is any question that the most difficult thing for these rookie QB’s is going to be the limited amount of time and reps that they get within their system.

These teams are going to have issues pretty much all of them are going to sign veterans." 

In a press conference NFLPA Executive DeMaurice Smith said there are still minor issues that need to be worked out. The 2011 league year will begin no later than August 4.

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Transcript by Newsy.