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ESPN.com: MLB, players pause CBA negotiations, hope to finalize deal before 5 p.m. ET Tue. deadline

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After a 16-hour day of meetings that stretched into early Tuesday morning, Major League Baseball and the MLB Players Association moved the deadline for a new collective bargaining agreement that would save regular-season games from being canceled to 5 p.m. ET Tuesday.

While the sides made progress toward a new deal during the marathon negotiating session, which included more than a dozen meetings and wrapped for the night around 2:30 a.m. ET, gaps remain between the sides on the competitive-balance tax thresholds, minimum salary and bonus pool for pre-arbitration player, sources said.