FOXNews.com: Owners approve salary cap reductions

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Owners approve salary cap reductions Mar 27th 2012, 18:03 PALM BEACH, Fla. –  NFL owners have ratified the agreement between the league and players' union that takes away $36 million in salary cap space from the Redskins and $10 million from the Cowboys. Other than Dallas and Washington, no club opposed the agreement, which raised the salary cap for 2012 from about $113 million to $120.6 million. The Cowboys and Redskins have sought arbitration, which will be conducted by University of Pennsylvania professor Stephen Burbank. Both teams were penalized for overloading contracts in the 2010 uncapped season despite league warnings not to do so. Each must take at least half the reduction this year. The owners also approved competition committee recommendations for points of emphasis in the upcoming season, including blows to the head, horse-collar tackles and taunting.

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