Top-order batsman Kane Williamson would lead the team in the three one-day internationals and two Twenty20 matches against Sri Lanka.
"Ross and Brendon need red ball preparation to be at their best for the summer," Bruce Edgar, NZC general manager national selection, said.
"Both players are vital to our success and fine tuning their red ball skills before the West Indies series starting in early December is paramount."
New Zealand are scheduled to host West Indies for three Tests, five ODIs and two T20 internationals during the series, which starts on December 3.
Resting senior cricketers was part of a plan to manage players' workload and widen the talent pool in the shorter formats keeping in mind the 2015 World Cup, which New Zealand will co-host with Australia, the board said.
"This summer we have 37 days of international cricket at home and Brendon and Ross are expected to play all of these, so it's essential that we manage their workloads," Edgar added.
The Black Caps failed to win a Test during their drawn two-match series in Bangladesh which ended on Friday. The teams now embark on three ODIs and a lone T20 international to conclude the tour.
Squad: Kane Williamson (captain), Corey Anderson, Ian Butler, Anton Devcich, Grant Elliott, Tom Latham, Mitchell McClenaghan, Nathan McCullum, Kyle Mills, Adam Milne, Colin Munro, James Neesham, Luke Ronchi, Hamish Rutherford.