"There is no substance in the report. It was incorrect," said Srinivasan.
"There is no such demand from the players," he added.
Quoting an unnamed top player, a report said that the players wanted Rs 5 crore each as bonus for winning the World Cup.
Immediately after the win, the BCCI had announced a cash award of Rs 1 crore for each player.
"We are not greedy for money ... There is no harm in asking for more since the Board will earn thousands of crores after India's victory. A player's life is very uncertain. Who knows what will happen next," the report quoted the unnamed player as saying.