The organisers have also postponed the tournament draft that was scheduled for July 14 to July 20 to allow franchise owner more time to pay up.
"Somerset Entertainment Ventures (SEV) CEO Sandip Bhammer confirmed that not all franchises have paid their tournament fees, despite having breached two deadlines," a report in Espncricinfo.Com said.
SEV is the marketing partner for the tournament.
In order to take part in the league, each of the eight franchises are due to pay USD 4.33 million a year on average to Sri Lanka Cricket (SLC).
The SLPL is scheduled from August 10 to September 7.
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