Report: Agreement on rookie wage scale

According to Yahoo! Sports, the NFL and NFLPA have reached a basic compromise on a rookie wage scale that will replace the current rookie salary cap.
The NFL wanted first-round picks to sign five-year deals in order to become free agents, but relented, according to the report, and agreed to four years for free agency. The report also stated there is also expected to be a stipulation limiting the amount of guaranteed money and signing bonus offered to draft picks.
In addition, the league agreed that all players drafted after the first round would be limited to three-year deals, but teams would be allowed to put restricted free agent tags after the three years.
In the old CBA, teams with selections 1-16 in the first round could sign those players for up to six years. Picks 17-32 could sign deals for up to five years.
