Bangalore: Sri Lanka's cricketers are set to receive their outstanding salaries by the end of February after a Sri Lankan bank agreed to release 600 million rupees (approx US$5.07 million) to Sri Lanka Cricket (SLC) to meet this commitment, the country's sports ministry has said.
The state-owned Bank of Ceylon agreed to provide the funds following discussions between its officials and the Sports Minister Mahindananda Aluthgamage. The minister subsequently instructed SLC "to pay the pending salaries up to the month of February to its contracted cricketers by February 28, 2012," according to a statement from the ministry. The minister also stated that payments from March 2012 onwards would be paid on time.
The players have been owed more than half their dues since the 2011 World Cup. Two months ago the ICC paid 42.36% of the fees due to the players from the World Cup to September 30, 2011. The payment of US$2 million was made directly into the players' bank accounts, instead of routing it through Sri Lanka Cricket (SLC), on December 16.