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Ryne Sandberg's self-imposed deadline of reaching a new contract with the Chicago Cubs passed at 12:01 a.m. Monday local time without either side indicating whether a deal had been done.

Cubs management met with Sandberg's agent, Jim Turner, for most of the day. Sandberg, if he does not sign a new agreement, will be eligible for free agency at the end of the season.Sandberg, the All-Star second baseman, is supposedly seeking a five-year extension in the area of $30 million for a five-year contract extension.

New York Mets outfielder Bobby Bonilla is currently the highest paid player after signing a five-year for $29 million last November.

Sandberg, who hit .291 with 26 homers and 100 RBIs last season, will make $2.1 million in 1992.