The NFL owners approved a revenue-sharing deal and agreed to a six-year extension of the Collective Bargaining Agreement, which means the salary cap isn’t going anywhere anytime soon.

This much was known: The cap in 2006 will be $102 million, an increase of $7.5 million over the projected $94.5 million cap for 2006. That’s a $16.5 million increase from the $85.5 million cap of 2005. The 2007 cap will be $109 million.

What all this means for the league, the owners and the players is labor peace. For fans, it means roster peace.

The owners voted 30-2 in favor of the agreement. The two lone holdouts were the Bengals and Bills, which leads me to believe that the deal wasn’t exactly what the low-revenue teams wanted in terms of revenue sharing.

With the extra cap space, some of the roster cuts that we saw last week may be rescinded. Free agency will probably start on Saturday and it shouldn’t be as chaotic as we thought it might be.

If you like parity in the NFL, this is very good news.