Is it true that is the movie replacements based on a true story based on the following text?

The movie was loosely based on the 1987 NFL strike, specifically the Washington Redskins who won all three replacement games without any of their regular players, going on to win Super Bowl XXII at the end of the season. Though the film is a story of the replacement players, the Falco-Martel QB controversy is quite similar to the one experienced by the post-strike Redskins between Doug Williams and Jay Schroeder. Hackman would later serve as the narrator for the episode of the NFL Network's America's Game: The Super Bowl Champions devoted to that team.
yes