NFL No More??

I found out today from watching ESPN that there will be no NFL season this year. Or at least for now there will not be one.  I havne't been following this story since the beginning but I do know some details. From what I remember it started during this past season when team owners proposed for an 18 game regular season. Currently a regular season is only 16 games. Then in reaction to that, NFL players and the Players Association fought against that proposal. Players agreed that adding tweo regular season games would be too much stress on their bodies. They also said that it would increase chances of injury which would not be good heading into the playoffs. Then today the Players Association decertified. I don't know exactly what that means,but to me it means no football. What is your view about this situation and what effects will it have (social, economic, etc.)?