At 59, the national team is the lowest ranked side heading into next month’s World Cup but among the highest paid.
Each player earns a $6,500 match fee and, combined with prize money, the squad is looking to share in about $2.6 million from the tournament whether they win, lose or draw.
A knock-out in the group stage will see each player pocket up to $150,000.
With Socceroos failing to be the huge drawcard they were in the 2006-10 period, FFA chief David Gallop is keen to bring player playments in line with current conditions.
The current agreement expires in June 2015 and could be replaced with a tiered structure based on the profitability of games.
"It's a product of where we were at that time but the next four-year cycle, I think we can come up with a more reasonable system," Gallop told AAP.
"We need to look at the tiers of games we're involved in.
"When we're playing top-class opposition and there's a big opportunity to make gate receipts, then the pay can be at one level.
"But when the Socceroos play in lesser games in the next four-year cycle then, as we did last year with the EAFF tournament, we need to be looking at appropriate remuneration for those games."
The national team heads into the World cup without a major naming-rights sponsor which Gallop conceded was "a bit of a concern".
He said it was hoped a sponsor would still come on board before kick-off next month.