New Delhi: The BCCI on Wednesday dismissed media reports that players demanded monetary reward to the tune of Rs 5 crore each for winning the World Cup.

Cricket board secretary N Srinivasan said the report of players demanding more monetary reward than what had been promised by the BCCI was "incorrect".

"There is no substance in the report. It was incorrect. There is no such demand from the players," said Srinivasan.

Quoting an unnamed top player, a report said that the players wanted Rs 5 crore each as bonus for winning the World Cup.

Immediately after the win, the BCCI had announced a cash award of Rs 1 crore for each player.

"We are not greedy for money ... There is no harm in asking for more since the Board will earn thousands of crores after India's victory. A player's life is very uncertain. Who knows what will happen next," the report quoted the unnamed player as saying.