According to The Guardian, representatives from both sides met late Wednesday, and in a marathon session ending at 5:30 a.m. Thursday morning agreed to terms that guaranteed salaries owed to more than 200 players and allowed players who are not paid to break their contracts.
"The strike has been called off by the players' union," league president Jose Luis Astiazaran told a news conference. "It was an effort from both sides, both sides gave ground and I am very pleased that at last the ball will be in play."
AFE President Luis Rubiales said around 50 million euros ($70.4 million) that is owed to more than 200 players would be guaranteed by the league.
"The current economic situation is not easy and we must be grateful to the LFP for their efforts," he added.
This was the fourth strike in the league’s history, the last of which was in 1984.