Lanka players to leave for World Cup with no end to pay row

Image
Press Trust of India Colombo
Last Updated : Mar 15 2014 | 10:16 PM IST
Sri Lankan cricketers will leave for the ICC Twenty20 World Cup in Bangladesh tomorrow after having refused to sign new contracts with the SLC in continuation of their ongoing pay row.
SLC sources said the players' tough stand, even momentarily, threatened the island's chances in the World T20 as authorities contemplated sending a second string side for the tournament.
Sri Lanka Cricket CEO, Ashley de Silva said players have refused to enter contracts based on a new formula announced this week. The players have been demanding a 20 per cent share from the monies derived from ICC to the SLC.
The SLC formula stipulated a new participating fee for players from a kitty ranging between USD 500,000 to 750,000 and performance related bonuses.
Players have rejected this formula claiming that cumulative bonuses under this would be a mere six per cent.
They want a reasonable percentage from the ICC monies to form an integral part of their annual contracts.
They are willing to come down on the 20 per cent demand.
Player sources say they had decided to play for the country in the T20 without formal contracts in view of the importance of the event pending negotiations.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 15 2014 | 10:16 PM IST

Next Story