In a significant development, the Pakistan Cricket Board (PCB) has successfully negotiated a three-year central contract deal with its Pakistan Cricketers international squads. This landmark agreement ensures that the players will receive a portion of the International Cricket Council (ICC) revenue, a demand that had been a point of contention for several months.
Background of the Dispute
The disagreement between the PCB and the cricket squads had been ongoing since the expiration of the contracts on June 30. The cricketers were insistent on receiving their share in the revenue that the board earns from the ICC.
Details of the New Contract
The new three-year contract, effective from July 1, 2023, promises as many as 25 cricketers a significant deal that includes a share of the ICC revenue. The PCB has announced that the performance of the players will be reviewed annually. This contract marks the first time the PCB has combined the red-ball and white-ball contracts of the players, aiming to promote fairness and a transparent selection process.
Financial Benefits for the Pakistan Cricketers
Each player in the four categories will receive a raise of more than 100 percent. Top category players like Babar Azam, Mohammad Rizwan, and Shaheen Shah Afridi will receive a monthly retainer of $15,600. Additionally, the players will get a share of three percent of ICC revenue, amounting to around $1 million. The PCB is expected to earn about $34 million per year from the ICC.
Besides the monthly retainer, players will see a 50 percent raise in match fees for test matches, a 25 percent increase for ODIs, and a 12.5 percent hike for T20s. The PCB has also agreed to allow centrally contracted players to participate in two other T20 leagues. This is in addition to their participation in the Pakistan Super League.
This historic deal concludes the lengthy and challenging negotiations between the PCB and the players. It ensures a fair and beneficial agreement for both parties. The players’ share in the ICC revenue marks a new era in Pakistan cricket. This change promises a more equitable and transparent contract system, along with a substantial increase in their remuneration.