Both. The league office will go with whatever the owners vote on. If they vote to accept it, it is done. If they vote it down, we are back to the drawing board (and probably another extension...)
I have read somwhere (forgive me I can't remember where) that it is either yes, or no. If they agree or not fa will begin on Wed at midnight. It will either be accepted or not, they said no more discussions about it.. We of course have heard that before, I will believe it when I see the first fa signed by the Vikes..