The BCCSL ExCo which met at an emergency meeting on Wednesday, decided to increase payments to players after discussing at length the request put to them by the national cricketers.
Cricket Board sources said they have drawn up a proposal and that an agreement on it with the players will be reached shortly.
Sri Lanka cricketers earlier received a pay increase in 1994. But since that time, the cricketers have performed remarkably well to earn the raise.
Apart from securing first Test and series victories in New Zealand and Pakistan they won the Singer Champions trophy in Sharjah and recently, the Singer World Series and Test series against Zimbabwe at home. But the culmination of all these victories was winning the Wills World Cup in Lahore in March this year.
Payments are made on a certain scale based on the number of appearances made by each player in Tests and one-day internationals.
The cricketers are expected to get an increase of around 60 to 70 per cent.
For instance, if a player is presently paid Rs. 15,000 a Test he will stand to get something like Rs. 25,000 on the revised scale.
The prize monies won by the players at any tournament or series are divided amongst themselves.