"The AFL Players' Association is committed to working with the AFL, AFL clubs, players and other football stakeholders to drive growth and strengthen the AFL industry's position as the most successful professional sport in Australia".
"We're really pleased to announce that we've reached an historic agreement with the Players' Association for the next six years in terms of arrangements with AFL players", he said.
As cricket's pay crisis nears tipping point, the wages of an AFL player will skyrocket $60,000 this year in a bumper six-year deal.
Adelaide's Mitch McGovern and Jake Lever, Gold Coast co-captain Steven May, Bombers Joe Daniher, David Zaharakis and Darcy Parish, and emerging Tiger Daniel Rioli have all been stuck in this holding pattern.
The changes will see the average player salary increase from $309,000 past year to $371,000 this season.
Club salary caps will rise to $12.45m, an increase of over $2m.
That 20 per cent will only apply to players who have the cap increase written into their salary, with the players to receive the following bumps: 20 per cent, then 1.2 per cent (2018), 1.3 per cent (2019), and 2 per cent in each of the last three years (2020-2022).
"It probably is a credit to the professionalism of the AFL and the AFLPA that we did as much as we could behind closed doors and got to an outcome now that the players are very happy with, that the AFL is happy with and we're happy with".
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Paul Marsh, chief executive officer at the AFLPA, added: "This CBA rewards the players for the role they've played, and continue to play, in making our game great".
"But the thing is that we both kept listening to each other and we kept moving forward".
That's still a far cry from the $10 million North is understood to be offering Kelly over the next nine years, but it would make the 22-year-old one of the Giants' highest-paid players and, coupled with the expansion club's blindingly bright on-field prospects, could convince him to stay.
It will also give clubs more room in the salary cap and boost war chests for bidding for big-name recruits.
Players will also receive 28% of forecast defined football revenue, and benefit from a review mechanism that captures a share of additional AFL and club revenue.
The CBA will also include an extra $6 million (£3.6 million) of funding for players' retirement accounts, and $13 million (£7.8 million) will be allocated to player development.
AFL Commission chairman Richard Goyder said the league was focused on investing in players, community, clubs and fans.
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