"The players from T&T have decided to travel to South Africa," TTCB chief executive, Suruj Ragoonath said.
"In the meantime, the TTCB and WIPA, who have good relations, continue discussions on the matter."
Five T&T players -- Denesh Ramdin, Darren Bravo, Ravi Rampaul, Lendl Simmons and Samuel Badree -- who are currently in Sri Lanka representing the West Indies at the ICC World Twenty20 had asked West Indies Players Association (WIPA) to demand more money on their behalf for the trip.
The players demanded that the TTCB give them a share of the transfer fee they got for Indian Premier League (IPL) players Sunil Narine, Dwayne Bravo and Keiron Pollard, who would be representing their respective IPL teams.
The TTCB got $150,000 for each of the three players. The situation worsened further on Thursday when ten other members of the T&T squad also refused to travel to South Africa on their scheduled flight unless the demands were met.
With problem arising just six days before T&T's first match in the qualifying stage of the tournament, TTCB were left in a lurch.
The TTCB said each player on the 15-man squad is guaranteed a payment of more than $20,000 for the two qualifying matches and in case the team advanced to the main round, an additional $200,000 would be paid before taxes. It was also reported that 75 per cent of the monies and any other prize money won by the team will be shared among them.
That, however, could not convince the players. Thus, the TTCB reportedly asked the selectors to appoint five replacements.
It also contacted WICB (West Indies Cricket Board) officials and informed them about the development.
"The WICB was told that the players had put down a condition to travel which the TTCB did not believe was fair," a CLT20 official.
"TTCB said that the money paid by the IPL franchises had nothing to do with the T&T squad and they were not willing to share. They have reached deadlock."
The WICB officials went scrambling to try and organize a Jamaica squad, who were runners-up in the Caribbean T20 last season, as a replacement team.
"The WICB felt they had to send a team to represent the Caribbean and the board was is in talks with the Jamaica Cricket Association to send a team," the official said.
But last-minute negotiations managed to convince the T&T players to travel to Johannesburg.