The clock is, obviously, ticking on the NFL's labor situation. Friday afternoon an update is expected from the NFL and NFLPA, who are meeting in a theoretically final day of mediation in Washington, D.C. today.
Multiple reports -- from both Jason LaCanfora of the NFL Network and Gary Myers of the New York Daily News -- indicate that the owners are about to give one more proposal to the union. Myers calls it a "revised proposal" and LaCanfora echoes that sentiment but also adds that it is "likely a final one."
In other words, if the NFLPA feels that whatever is offered by the league doesn't adequately indicate their willingness to concede certain issues, it could mean that the union will proceed with decertification.
Alternately, the owners' proposal could, potentially, be seen by the union as an indication that they're willing to find some common ground. That would mean the likelihood of a CBA extension past Friday would increase substantially.
The best guess is a coin flip, though, because reports from Friday's labor talk indicate a less negative tone at the bargaining table, but Thursday evening, as we noted earlier, was enough of a PR mess that it drained most of the optimism out of any possibility for a successful conclusion to the talks.
Daniel Kaplan of the Sports Business Journal also reports that the owners made "revised offers on core issues this morning" -- that means that they likely changed their stance on some combination of the rookie wage scale, revenue sharing and an 18-game schedule.
Time will tell, however, if it's enough of a change to warrant the two sides considering an extension past Friday.
For more NFL news, rumors and analysis, follow @cbssportsnfl on Twitter and subscribe to our RSS Feed.