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The Clock Is Ticking as Baseball Veers Toward a Lockout

IRVING, Texas — The future of the sport is unfolding in the conference rooms of a luxury hotel here.

On Monday and Tuesday, Major League Baseball officials and a handful of team owners met with players and players’ union officials at the Four Seasons Resort and Club Dallas at Las Colinas. Monday’s meeting lasted a couple of hours, while Tuesday’s sessions were both in the morning and afternoon.

The clock is ticking. At 11:59 p.m. Eastern on Wednesday, baseball’s foundation — the five-year collective bargaining agreement between the owners of the 30 M.L.B. teams and the players — expires.