Lockout watch 2011! 24 more hours

The clock has been stopped and, as expected, the collective bargaining agreement has been extended. But only by one day.

The NFL and NFLPA have agreed to extend the deadline by only 24 hours in order to get something ironed out. That’s obviously a lot shorter than anyone expected.

That doesn’t mean that the players association can’t decertify. It just means they have an extra day to make that decision. And we have an extra day to sit around waiting to find out what the hell is going on.

The deadline was also extended in a similar situation in 2006, and the two sides struck a deal during that extended time period.

As NFL Network’s Albert Breer points out, the extension is still pending the approval of US District Judge David Doty. Breer also notes that the deadline for the union to decertify is now 4:00 p.m. ET tomorrow.

It’s too early to know what this means. The glass-half-full theory: the two sides made leaps and bounds today and feel they’re that close to breaking through and making a deal. The glass-half-empty theory: the owners wanted to extend for two or three weeks but the union didn’t get an indication that the league was going to make enough concessions to merit a longer extension.

Or the “glass has water but I’m not sure if it’s half full or half empty” theory: they’ll use this extension to negotiate the length of another extension, in hopes of eventually agreeing on a real extension.

And now to meet my quota of 11: extension.