The cricketers were mulling to go on strike during the one-day tour of England scheduled to be held from June 29-July 10 or the World Twenty20 at Sri Lanka in September-October after negotiations between the players' union and Cricket Australia hit a stalemate over a new five-year deal.
Australian Cricketers' Association (ACA) chief Paul Marsh, however, said any strike would be "an absolute last resort".
Marsh said Australia's participation in the Twenty20 World Cup in Sri Lanka in September could be under threat, along with Australia's one-day international tour of England in June-July.
"You can't rule anything out. I don't want this to sound like the players are all preparing to go on strike because that's not the case at all," Marsh was quoted as saying by Melbourne's SEN Radio.
"That type of action is an absolute last resort," he added.
Talks between the ACA and CA have so far failed to resolve the issue of the players' share of cricket revenue, which has become the major stumbling block to a new memorandum of understanding (MoU).
"If Cricket Australia don't want to do that, then we're forced with a decision to make. We either accept the position that they put forward or we look at what our other options are," Marsh said. MORE