MUMBAI: The BCCI on Sunday announced a substantial increase in prize money for for senior domestic tournaments for men and women, with the Ranji Trophy winners set to receive a cash reward of Rs 5 crore this year.
While the hike in men’s prize money ranges between 60% and 300%, the two women’s tournaments have seen a hike in excess of 700%, Sportstar reports.
For the men’s circuit, the Ranji Trophy champion team will now take home Rs 5 crore (up from Rs 2 crore), while the losing finalist and semifinalist will earn Rs 3 crore (Rs 1 crore) and Rs 1 crore (Rs 50 lakh), respectively.
The one-day champion and runner-up will get Rs 1 crore (Rs 30 lakh) and Rs 50 lakh (Rs 15 lakh) from now. The domestic T20 tournament has got the most hike in terms of prize money.
The women’s senior one-day and T20 trophy champion and runner-up will finally start earning a significant prize money, instead of a notional amount that was handed over till date. As a result, the one-day champion outfit will earn Rs 50 lakh (Rs 6 lakh) while the T20 champion side will be rewarded with Rs 40 lakh (Rs 5 lakh).
The revision was announced by BCCI secretary Jay Shah on his social media handle.
