LONDON: The England and Wales Cricket Board (ECB) and Team England Player Partnership (TEPP) have reached an agreement on revised remuneration terms for England’s Men’s central contracts for a 12-month period from 1 October.
In view of the substantial shortfall in the ECB’s revenue as a consequence of the COVID-19 pandemic, the England men’s players have agreed to take a 15% reduction in their remuneration, which is made up of retainers, match fees and win bonuses.
The ECB had previously said they had sustained losses of over 100 million pounds ($130.80 million) when professional cricket in the country was suspended for several months due to the novel coronavirus outbreak. The ECB had implemented short-term cost-cutting measures, including furloughing staff, significant pay reductions and a recruitment freeze at the onset of the financial crisis.
Richard Bevan, Chairman, Team England Player Partnership, said: “These are unprecedented times and once again the players have shown that they fully appreciate the important role they play in helping cricket emerge from this pandemic in as strong a position as possible. In agreeing to this revised remuneration package, they have shown great responsibility and unity with the wider game.
“TEPP would like to place on record our appreciation to the ECB for their cooperative approach in agreeing a way forward throughout these challenging circumstances.”
