A minimum wage increase for New York City was put on the table in exchange for a compromise on rent control protections, but the move was rejected by Assembly Democrats, sources familiar with the talks said.

The wage increase was put on the table in the negotiations this week in the talks between Gov. Andrew Cuomo, Assembly Democrats and Senate Republicans.

But the proposal would have come with what was viewed by the conference as a weakening of tenant protections as part of a broader agreement, which led to Democrats in the Assembly shelving the proposal.

Updated: A source — clearly not with the Assembly — disputes the idea that tenant protections would have been weakened under the proposal that was floated.

“Only in Albany can down be called up, more money be called a cut and significantly strengthening rent regulations be called weakening them,” the source said.

The minimum wage proposal comes after Cuomo created a wage board at the state Department of Labor to study and potentially recommend a minimum wage increase for workers in the fast-food industry.

Cuomo earlier this year proposed a two-tiered minimum wage for New York City at $11.50 and $10.50 elsewhere in the state.

Assembly Democrats had countered with a higher wage increase to include the surrounding suburban counties.

The state’s current minimum wage is $8.75 and is due to increase to $9 by the end of the year.

A longer-term deal on rent control regulations remains elusive this week after lawmakers and Cuomo agreed to a five-day extension of the laws through Tuesday.