No system team templates are associated with opportunity

Hello all,

When I am creating a new sales team in Opportunity record i am getting below error.

Unhandled Exception: System.ServiceModel.FaultException`1[[Microsoft.Xrm.Sdk.OrganizationServiceFault, Microsoft.Xrm.Sdk, Version=7.0.0.0, Culture=neutral, PublicKeyToken=31bf3856ad364e35]]: No system team templates are associated with opportunity entity.Detail:
<OrganizationServiceFault xmlns:i="www.w3.org/.../XMLSchema-instance" xmlns="schemas.microsoft.com/.../Contracts">
<ErrorCode>-2147220970</ErrorCode>
<ErrorDetails xmlns:d2p1="schemas.datacontract.org/.../System.Collections.Generic" />
<Message>No system team templates are associated with opportunity entity.</Message>
<Timestamp>2016-03-29T13:14:17.4983612Z</Timestamp>
<InnerFault i:nil="true" />
<TraceText>

[Microsoft.Crm.Sales.ObjectModel: Microsoft.Crm.Sales.ObjectModel.Connections.ConnectionPlugin]
[cd862d32-4564-49b5-b074-e1ab6e1f71ab: ConnectionPlugin]

</TraceText>
</OrganizationServiceFault>