The AFL and the Players Association have reportedly agreed to a new pay deal.

Fox Footy’s Jake Niall has reported the players will receive a 20 per cent increase this year.

The Herald Sun say this increase is worth a massive $1.84 billion over six years.

Club salary caps will rise to $12.4m which is an increase of over $2m.

Average wage - not including rookies - will rise from $309,000 to $371,000 this season.