"The contract was supposed to be implemented from October one. But the cricketers' signature on the documents could not be obtained as they were busy with the series against Australia and the ongoing one against South Africa," the sources told PTI.
The sources said the BCCI imbroglio following the truncated AGM has also delayed the signing though the Memorandum of Understanding was finalised in time.
They said some board officials held an informal meeting with the players today where details of the contract were discussed.
"We hope to get their signatures on the documents by tomorrow or the day after," the sources said.
BCCI secretary S K Nair, on the other hand, said that various matters relating to tours and other issues also came up for discussion at the meeting held after the third day's play of the second cricket Test here.
As per the graded contract payment system announced earlier, 17 top cricketers are to be offered a fixed annual retainership.
Seven players, including skipper Saurav Ganguly, Sachin Tendulkar and Rahul Dravid have been put in Grade-A with an annual retainership of Rs 50 lakh. The others in Grade-A are Virendra Sehwag, V V S Laxman, Anil Kumble and Harbahjan Singh.
Grade-B with annual retainership of Rs 35 lakh consists of Yuvraj Singh, Mohammad Kaif, Zaheer Khan, Irfan Pathan, Ajit Agarkar, Ashis Nehra and Laxmipati Balaji.
Wicket-keeper Parthiv Patel, Akash Chopra and Murali Kartik have been placed under Grade-C with annual retainership of Rs 20 lakh.