We've done a breakdown of the reported rookie wage scale over at The Daily Norseman, but here are some of the highlights.
-Contracts for first-round draft picks will be limited to four years, after which players will become unrestricted free agents. Currently, players drafted in the first half of Round One can sign for as long as six years, and players in the bottom half of Round One can sign for up to five years.
-Contracts for everyone else drafted will be limited to three years, after which the player will become a restricted free agent.
-There will also be language in the deal that will limit the amount of guaranteed money and signing bonuses that will go to rookie players.
In a peripherally related matter, there will also be language that will make it easier for owners to recoup money from players that run afoul of the law. (See also: Vick, Michael)
It's not a huge step or anything like that, but any progress is good progress as we're now about 48 hours away from the latest deadline to get a new CBA completed.