(MENAFN- Khaleej Times) Published: Wed 27 Sep 2023, 8:25 PM
Last updated: Wed 27 Sep 2023, 9:02 PM
The Pakistan Cricket Board has agreed a“momentous” three-year central contract deal with its international squads that will include players getting a proportion of International Cricket Council revenue.
There had been deadlock between the squads and the PCB for several months since the contracts expired on June 30, with the players asking for their share in the revenue the board gets from the ICC, the game's governing body.
The new three-year contract is backdated to July 1, 2023 but the cricket board said the performance of the players would be reviewed every 12 months.
“As many as 25 cricketers will be offered a momentous deal that will include a proportion of ICC revenue,” the PCB said in a statement on Wednesday.
It is the first time the PCB has merged the red-ball and white-ball contracts of the players, saying it is“aimed at promoting fairness and a transparent selection process.”
Each player in the four categories received a raise of more than 100 per cent. Three in the top category, Babar Azam, Mohammad Rizwan and Shaheen Shah Afridi, will get a monthly retainer of $15,600.
“It is a historic deal,” skipper Babar said.“It has been a lengthy and, at times, challenging negotiation process, but I believe we have reached a fair and beneficial agreement for both parties.”
The players will receive a share of three per cent of ICC revenue, which will be around $1 million. The PCB will be earning around $34 million per year from the ICC.
Besides getting a monthly retainer, there is a raise of 50 per cent in match fees for players who feature in Test matches, an increase of 25 per cent for ODIs and 12.5 per cent for T20s.
The PCB also agreed that the centrally contracted players can play in two other T20 leagues aside from the Pakistan Super League.
“I am pleased to announce that after lengthy negotiations the PCB has come to a financial agreement with the players,” said Zaka Ashraf, chairman of the PCB managing committee.
Category A: Babar Azam, Mohammad Rizwan and Shaheen Shah Afridi Category B:
Fakhar Zaman, Haris Rauf, Imam
Haq, Mohammad Nawaz, Naseem Shah and Shadab Khan
Category C: Imad Wasim and Abdullah Shafique
Category D: Fahim Ashraf, Hasan Ali, Iftikhar Ahmed, Ihsanullah, Mohammad Haris, Mohammad Wasim Jr, Saim Ayub, Salman Ali Agha, Sarfaraz Ahmad, Saud Shakeel, Shahnawaz Dahani, Shan Masood, Usama Mir and Zaman Khan.
Watch: Pakistan cricket team arrives in India after 7 years
Cricket World Cup 2023: How Pakistan can challenge India in Ahmedabad
Cricket World Cup 2023: Pakistan's Babar Azam expects support from India fans
Prize money for ODI World Cup revealed
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.