Major League Soccer’s collective bargaining agreement expires tonight, but the players won’t be striking — yet.

The players union released this statement today:

Bethesda, MD (Thursday, February 25, 2010) – The Major League Soccer Players Union (the “Union”) today announced that the collective bargaining agreement between the Union and Major League Soccer (“MLS”) will not be extended past the February 25 deadline previously set by the Union and MLS.

“Effective at midnight tonight, our collective bargaining agreement with MLS will expire,” said Union Executive Director Bob Foose.

Foose added that, “while we expect that negotiations with MLS will resume at some point, there simply hasn’t been enough progress made in the negotiations to date to warrant an extension of the old agreement. We have advised our players to keep working for the time being, but as of Friday they will be doing so without a CBA. In the meantime, all options are being considered as the process continues. We are completely committed to forging real changes to the way MLS players are treated.”

In response, the league reiterated its previous stance by releasing this statement today.

Basically, nothing happened. The deadline came. The deadline went. They didn’t extend the contract. The possibility of a strike still lingers above everyone’s head. Go us. Feel free to rant in the comments below.