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The Australian Cricketers' Association (ACA) says it is "extremely likely" there will be no resolution to the cricket pay dispute before the end of this week.

If an agreement is not reached by Saturday, 230 players will be out of contract, putting a cloud over Australia's tour of Bangladesh in August and potentially the Ashes series beginning in November.

ACA President Greg Dyer said Cricket Australia's latest offer was not sufficient and called on Cricket Australia Chief Executive James Sutherland to re-enter talks.

Dyer told the ABC "I think it's fair to say we remain a long way apart.

"The fundamentals of the deal are nowhere near to being resolved. We see the retention of the revenue share model as being fundamental from our perspective.

"The players have been very flexible, they have said we can look at alternative ways at addressing that revenue share model. We can be flexible but we have not had any response in return.

"We've sought twice mediation and now I'm calling for the intervention of the CEO."

Cricket Australia had revised its offer to the ACA last week, making a number of concessions in an attempt to reach an agreement before the 1st July cut off.

In the new offer, which was outlined in a letter sent by Cricket Australia (CA) General Manager Kevin Roberts last Friday, international surpluses would now be shared by players rather than them receiving a flat rate of pay - one of the ACA's key demands.

Dyer added “it lacked detail, it lacked any sense of the method by which the thing was going to be calculated.

"It wasn't sufficient. We still lack the financial detail to properly assess where the players are likely to end up, so it wasn't an offer of acceptance and CA knew that."

Cricket Australia also confirmed domestic players would be included in the sharing arrangement, although it still insists the existing revenue-sharing model, which the ACA is determined to retain, is not an option.

The new offer had seemingly marked the first signs of either side flinching in a stand-off that has been ongoing for months.

Dyer said he felt it was important Sutherland became involved in discussions with the ACA.

He concluded "it's the most important deal CA will do in five years, arguably longer.

"I don't personally understand why the most senior person in the organisation shouldn't be involved in setting those parameters on behalf of their organisation. I don't understand why he wouldn't be involved."

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