ROSEMONT, Ill. (AP) — NFL owners have finished five hours of discussions for a new collective bargaining agreement that would net the players just under 50 percent of total revenues.

A person familiar with the negotiations tells The Associated Press on Tuesday that the players' share would approach the 50 percent the NFLPA has said it has received throughout the last decade. But the expense credits — about $1 billion last year — that the league takes off the top would disappear.

The person spoke on condition of anonymity because the negotiations are supposed to be confidential. Commissioner Roger Goodell and his negotiating committee will meet with the players in Boston on Wednesday and Thursday.

THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below.

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