This report from CBS Sports says it all:
Players, owners reach agreement on final CBA - CBSSports.com
It's now in the hands of every player in the NFL. The players and owners reached agreement on final details of the CBA late Wednesday night. That part is over. Now, the team reps will detail the CBA to the general membership. Players will conduct the vote, fax in the results, and if ratified, practice can start for everyone at 4 p.m. eastern. And it will get ratified. More to come
And with this, the NFL has not ensured 10 years of labor peace.