Lancashire have become the latest county to be affected by the impact of the coronavirus as they have cancelled the deals of overseas recruits BJ Watling, Glenn Maxwell and James Faulkner.
The contracts of the trio have been ended by "mutual termination" but the club retains the option of signing them in 2021.
Professional cricket in England has come to a standstill owing to the COVID-19 crisis with the start of the County Championship delayed to May 28.
However, the threat of further suspension is present given the British government's announcement to extend the nationwide lockdown.
Watling was set to take part in Lancashire's opening nine games of the Championship whereas Maxwell and Faulkner were the team's white-ball specialists and were available for the T20 Blast competition.
"I would like to thank BJ, Glenn, James and their representatives for their total understanding of the current situation and full agreement of this decision," Lancashire director of cricket Paul Allott said.
The former England paceman delved into the reasons prompting this decision by saying these were "uncertain and challenging times" for the county finances and they thought it was "prudent to mutually come to an agreement with the players we had originally signed".
The past couple of weeks has also seen the likes of Cheteshwar Pujara, Nathan Lyon and Matt Henry lose their contracts with different English clubs due to the uncertainty surrounding the pandemic.
Allott maintained that Lancashire's priority now was to award greater opportunities to homegrown talent in the absence of foreign stars whenever a truncated season commences.
Meanwhile, the Old Trafford-based county has declared a 20% wage cut for the players for the month of May.
"The players were very keen that any salary reductions for them should be in line with the rest of the club's staff. It has truly been a unified approach to what is a very difficult situation we currently find ourselves in," Allott stated.