New pay hike formula for Australian cricketersJune 10th, 2009 - 3:08 pm ICT by IANS
Sydney, June 10 (IANS) The Australian cricket team were given a pay hike, hours after making an embarrassing exit from the Twenty20 World Cup.
As per the new memorandum of understanding governing players’ pays and benefit, signed by Cricket Australia chief executive James Sutherland and Australian Cricketers’ Association, Paul Marsh Tuesday Tuesday, the players’ new salaries won’t depend on their performance but on their popularity among fans and sponsors.
Any player, who is good and popular can probably pull in more than $1.5 million a year. Also, for the first time, players will be offered marketing contracts on top of their playing deals.
“This is a fantastic career opportunity for young, talented athletes in Australia,” Sutherland was quoted as saying in the Herald Sun.
With the game’s revenue increasing by 10 per cent a year, the Player Payment Pool has increased from 25 per cent to 26 per cent - to $96.2 million - for the next two years, but some medical and insurance costs will now come out of it.
Outside experts will rank factors such as their “likability” to determine who gets how much of a pool that starts at $2.8 million this year.
Also for the first time, players ranked in the top six in both Test and limited-overs cricket will be given fixed retainers, meaning they will be paid all match fees even if they miss some games.
The minimum of such retainer will be $190,000 this year, rising to $210,000 next year, and there is no maximum.
But Marsh and Sutherland said $1.5 million was a ball-park figure on what the top six could expect to earn all-up, their marketing deals included.
The selectors will continue to rank the players and the number of contracts will remain at 25.
Match fees for Tests have gone up from $13,000 to $13,250 this year and $13,500 next year, with one-day internationals going from $5200 to $5300 and $5400. Twenty20 fees go from $3900 to $3975 to $4050.
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