Australia Players To Face Pay Cuts After Board Records Shortfall In Revenue

Players contracted with Cricket Australia (CA) are set to face pay cuts after the board has reportedly incurred 50 per cent loss due to the non-commencement of matches after the novel coronavirus pandemic outbreak.

The cricket board has paid its players just over a quarter of the revenues as per their revenue-sharing agreement in their collecting bargaining agreement. In a bid to recover from the loss and minimalise the further effects, the board has set its priority on hosting the much-anticipated series against India, which is likely to see an ODI series being played as well.

Cricket Australia Face Massive Short-Fall In Their Revenue

Newspapers in Australia have reported that the board has originally forecast a revenue at around A$400 million ($276 million) in the 2020/21 season but it has been expected to fall short by at least A$80 million.

According to new agency Reuters, ”the players union, the Australian Cricketers’ Association, confirmed that they had received revised revenue projections from CA and would hold a board meeting to discuss them later on Thursday”.

In the crisis-hit situation several state associations in the country have made a pay-cut to suffice to the losses.

Meanwhile, the board has projected a revenue of A$300 million from the four-Test series against India in December.