MLB Commissioner Rob Manfred addressed the media Thursday morning at Globe Life Field in Arlington, Texas, after the league officially entered into a lockout at 12:01 a.m. ET.
While Manfred explained the rationale behind a lockout, he also acknowledged that it wasn't ideal for baseball, saying: "It's not a good thing for the sport. ... We understand it's bad for the business."
A lockout gives the owners and players plenty of time to come to terms on a new collective bargaining agreement before the start of the 2020 season.
Manfred expressed optimism that the two sides will ultimately be able to reach common ground, saying: "I don't feel frustrated.