MUMBAI: New Zealand Cricket (NZC) announced on Thursday that it has reached an agreement with the New Zealand Cricket Player’s Association (NZCPA) over the revenue sharing of the board amongst men’s cricketers across the country between August 1 2018 and July 31 2022.
As per the agreement, it is during this period that NZC will be upping the revenue it will share with its players by 16% taking the last 4 years into account, which is forecasted to be 65.3 million NZD ($44.2 million). From all professional cricket that New Zealand will be involved in, players will stand to gain 26.5% of the revenue generated from it.
Under earlier central contracts, a Kiwi men’s player earned 210397 NZD ($142,400) at the maximum on an annual basis while the minimum he could earn was 85,585 NZD ($58,000), according to ESPNcricinfo.
The board also announced that it would be providing 20 central contracts during this period instead of the previous 21 while increasing domestic contracts from 15 to 16.
Retired players also stand to earn an estimated 2.85 million NZD ($1.93 million) as pension.
NZC CEO David White was extremely pleased with the deal.
“I just want to congratulate everyone involved on the constructive manner in which the entire process was conducted,” said Mr White.
“It was evident throughout that all parties shared a common interest in striking an agreement that was fair, progressive and good for the overall game in New Zealand.
“There has been strong and robust discussion throughout the process, as you’d expect with such a significant document – but the overall tone has been one of cooperation.” White said.
NZCPA CEO Heath Mills agreed with White and opined that the new terms of the deal ensured that more focus was on building young talent and rewarding the contribution of players.
“I’d like to acknowledge the spirit in which NZC and the Major Associations entered the negotiation process,” Mills said.
“At all times, we’ve felt respected, and treated as an important and valued stakeholder in the sport.
“It’s great to see all parties so well aligned and moving in the same direction.”
