The SLC this week said that 24 of the leading players had been offered contracts under 4 categories and they had been given a deadline until June 3 to sign on dotted lines.
In the categories released only six players are in the category A and their annual pay ranges between USD 70,000 to 100,000. Batsman Dhananjaya de Silva draws highest - 100,000 with the rest of them were to receive 70-80,000 US dollars.
Just for comparative analysis, India's group C (lowest category) centrally contracted players annually earn a retainership fee of Rs 1 crore (USD 137,000).
The Sri Lankan players said in a joint statement that they were "shocked and dismayed" by SLC's decision to go public with specific payment details of players.
They feel that public disclosure has affected their peace of mind.
"These disclosures amount to a grave security concern to each and every player," it stated.
The chairman of the Cricket Advisory Committee (CAC) of the SLC Aravinda de Silva told reporters that they were forced to make harsh decision based on the past performances of the players.
"We wanted to have a key performance indicators for the players so that we could evaluate them," De Silva said adding that the new pay scheme was an incentive based contract,
The players however refused to take the entire blame for Sri Lanka's shoddy performances over the years.
They maintain the administrators and the local structure were contributory factors to Sri Lanka's decline in international rankings.