The salary cap climbing at the rate its climbing every year offsets that and surpasses it. The players clearly won the battle on the money front and its not even close. Now look NFL owners aren't going broke by any means but they made another bad deal and the lockout didn't work out for them like they had hoped.
It was never about how much money they spent on the team, it was about who it was going to. Teams were spending more and more on rookies and unproven players, now the money is going to the stars. That's what they wanted and that's the way it should be.