Cricket Australia has lodged a formal pay offer to players, refusing to back down on its push to scrap a fixed-revenue payment model that has been in place for almost 20 years.
CA and the Australian Cricketers' Association (ACA) have argued on several fronts during pay talks, which will become more frantic and tense in the months ahead as the existing deal expires on June 30.
Despite CA's unwillingness to give any ground on the players' desire to move away from the fixed-revenue model, chief executive James Sutherland remains confident a new deal will be struck.
"I'm optimistic that there is really strong will on both sides to see this through and achieve those deadlines," Sutherland told reporters on Tuesday.
"Obviously, June 30 is looming and there's a fair degree of urgency around it but I think, from our perspective, our member state associations and the broader cricket community would be very keen to see us progress.
"Similarly, I'm sure on the ACA's side, their players and members would be desperately keen to see the ACA work through this situation to find a resolution."
CA publicly on Tuesday revealed its offer for a new five-year Memorandum of Understanding (MOU), spruiking an immediate average pay increase of 125 per cent for female players.
Sutherland described the proposal as a "seismic shift" in the way that female cricketers were paid.
The average salary for a Southern Stars player is set to jump from $79,000 to $179,000, with the average for domestic female players to rocket from $22,000 to $52,000.
CA claimed the average income for international male players, inclusive of match fees and performance bonuses, would be $1.45 million by 2021/22 under the deal, an increase of 25 per cent on 2016/17 ($1.16m).
The ACA is yet to respond publicly to the offer. ACA boss Alistair Nicholson met Test stars in Ranchi before the third Test against India.
The most-divisive point in talks has been the governing body's desire to end the revenue-sharing model that has been in place since the first MOU in 1998.
The players' union called the system "the bedrock of the successful growth of Australian cricket" in its submission to players, which featured a preamble by national skippers Steve Smith and Meg Lanning.
"(Our proposal) is a variation from a model that has stood the test of time over 20 years but, in our view, it is a model that has served its purpose," Sutherland explained.
"It's a model that is now outdated.
"The model that we have proposed is one that not only secures increasing guarantees around player payments but, at the same time, international players - men and women - will share in surpluses.
"It's a slight variation on the previous model but it's an improvement."
Sutherland believes the proposal will allow CA to increase investment at the grassroots level of the sport, while taking a huge step towards gender equality in pay.