Sri Lanka Cricket and its players have agreed in principle to the terms of the central contracts for the next year, bringing to an end almost five months of negotiations and avoiding a potential stand-off over Sri Lanka's top players participating in the inaugural Sri Lanka Premier League.
The new contracts, which will run from March 1st, 2012 to February 28th, 2013, will bear the existing retainer and match fees.
On Monday, Mahela Jayawardene, the Sri Lanka captain, had said the country's cricketers might decide against taking part in the SLPL if the Sri Lankan board didn't "settle" the players' central contracts.
The agreement between the two sides means the players no longer have any objections to taking part in the Twenty20 tournament.
Nishanta Ranatunga, the SLC secretary said Player contracts will be signed today or tomorrow.