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No Deal: MLB Postpones Opening Day, Cancels Games, After Owners and Players Fail To Agree On Labor Deal

MIAMI (CNN) -- Major League Baseball is postponing its March 31 Opening Day and canceling the first two series of regular season games, Commissioner Rob Manfred said Tuesday.

The decision comes after owners and the Major League Baseball Players Association (MLBPA) could not reach a deal on a collective bargaining agreement (CBA). The CBA determines players' terms and conditions of employment.

The league has said players would need four weeks of Spring Training before the regular season could begin.

Both sides were at the negotiating table in Jupiter for more than 16 hours on Monday which stretched into the early Tuesday morning hours, per The two sides met again later Tuesday.

The league locked out the players on December 2, preventing them from using team facilities and keeping free agents from signing new contracts. The work stoppage stems from disagreements over how to divide up an estimated $11 billion in annual revenue.

Owners say they have been battered by the decline of in-person attendance due to the Covid-19 pandemic, and they have pushed to sign a new CBA similar to the most recent one.

Players, meanwhile, have seen their salaries decline in recent years, particularly for non-star players. The union has pushed to change the league's restrictive rules around free agency and cut down on financial penalties for teams that spend heavily.

Spring Training and the exhibition games schedule have already been pushed back and canceled through March 7. Last month, MLB commissioner Rob Manfred said missing games would be a "disastrous outcome" for baseball.

CNN has reached out to MLB and MLBPA for comment.

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