The NFL and NFLPA have reportedly agreed to a 24-hour extension on the expiration of the Collective Bargaining Agreement, according to Kara Henderson of NFL Network.
The decision comes after a day of negotiations mediated once again by George H. Cohen at FMCS in Washington. The extension was reportedly proposed by league owners, who met separately with Cohen on Wednesday night - the NFLPA was not present at that meeting.
Basically, all this means is that the union will not be decertifying tonight, the owners won't be locking the players out tonight, and that talks will continue through Friday. Those talks could very well center around a longer-term extension of the CBA if the two sides believe they are close to making serious progress on a new CBA.