Dubai, Feb 1: The International Cricket Council (ICC) will "consider a proposal to increase incentives in the form of prize money to promote Test match cricket in the period before the Test Championship event in 2017," the ruling institution said.
The top four teams will recieve more money from ICC next year.
The top-ranked team on April 1 presently receives $175,000, but that will increase to a minimum of $450,000 (2013), $475,000 (2014) and $500,000 (2015) in a total pool of $3.8 million. The ICC says there will be another increase in 2016.
"There were some board members who were not so sure about simply increasing the prize money," chief executive Haroon Lorgat said.
"We talked about the pitch being suitable to ensure a fair contest between bat and ball, and we talked about stadia facilities being conducive to get in people or families out there for the full five days."
The two-day meeting also accepted an independent recommendation of president's role to be split, so that the president becomes the figurehead position each year, following the chairman leading the board. The moves will be voted on at the annual conference in June.
Currently, Alan Isaac of New Zealand will take over from Sharad Pawar of India this year.
Mustafa Kamal of Bangladesh is next and may become the first one-year figurehead from 2014.