How Sri Lanka averted the financial crisis

Updated: 19 July 2012 13:18 IST

Sri Lanka Cricket's flexibility in dropping a rigid condition with regards to central contracts resulted in the amicable settlement of its stand-off with players over salaries.

How Sri Lanka averted the financial crisis

Colombo:

Sri Lanka Cricket's flexibility in dropping a rigid condition with regards to central contracts resulted in the amicable settlement of its stand-off with players over salaries.

"The SLC agreed to pay 25 per cent from its net income as opposed to earlier 25 per cent off its gross income. The SLC took the position that 25 per cent off its gross income was too much to ask," Ken de Alwis of the Players' Association said.

The association claimed that the players had not received any pay raise during the last four years. The contracts to be signed today would prescribe a pay rise during next year.

"They will be signing contracts today before they leave for Hambantota," de Alwis said.

Sri Lanka and India will play the first ODI on Saturday at Hambantota's Mahinda Rajapaksa stadium.

Topics : India Cricket
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