Australia's cricketers have rejected a pay and conditions proposal from Cricket Australia (CA).
The Australian Cricketers' Association (ACA) announced the move on Friday, saying it found "CA's proposal is a 'win' for cricket administrators but a 'loss' for cricket".
However, CA said it remained confident a new five-year deal would be reached before the June 30 deadline.
"They appear to have spent nearly six weeks talking with everyone but the organisation that can provide them with the right information, and with whom they need to conclude an agreement on behalf of their members," CA chief executive James Sutherland said in a statement.
"They will find, when they sit down with us and understand the detail, that this really is a ground-breaking offer and a fair deal for all players.
"In particular, it offers higher guaranteed payments at a time of uncertainty, while continuing to provide a share of cricket's financial surpluses to players at the pinnacle of the game.
"It also allows CA to address the disparity between pay for men and women and the urgent need to invest more in the grassroots of the game, particularly junior cricket. We make no apology for investing in priorities that will secure cricket's sustainable future.
"I must make it clear that the analysis presented by the ACA today contains many errors. We have offered to provide them with realistic financial scenarios, an opportunity they have not taken up.
"I also reject any suggestion that we would hide money from the players. They receive full audited accounts, and we have always been fair and honest with our players.
"We understand their commitment to the existing model, but the fact is that the world has changed, and it needs to be updated to take that into account.
"It has to include women, it has to support our juniors and community cricket clubs, and it has to provide greater financial certainty for all players, at every level."
The ACA pointed to numerous issues it had with the proposal, including it disrespecting "the value of domestic cricketers", failing to "fully disclose sufficient financial information" and creating "inequity amongst the playing groups".
CA said it was lifting the amount for guaranteed payments by 58 per cent and offering female cricketers pay increases of "more than 150 per cent from July 1".