The Indian cricketers are set to receive a huge increase in their pay scale with the salaries of the top cricketers as well as domestic cricketers to get double from the upcoming season.
The Supreme Court appointed Committee of Administrators (CoA) is currently working on a formula to add 200 crores to the available corpus of 180 crores in the ongoing season to create a provision for the hike in the next season.
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As per reports in TOI, the CoA is close to working out the percentage to be given to the senior and junior teams. Then, it will be presented to the Board of Control for Cricket in India (BCCI) for further approval.
Recently, Indian skipper Virat Kohli and head coach Ravi Shastri raised the issue of pay hikes, as they were of the opinion that is due since long.
As per the present situation, 26% of BCCI’s revenue gets divided into three ways; 13% for international players, 10.6% for domestic cricketers and the rest for women and juniors.
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However, as per the new arrangement, a senior cricketer like Kohli who received Rs 5.51 crore from 46 matches in 2017, could now earn more than Rs 10 crore per year as employment fees from BCCI.
Similarly, a domestic cricketer who used to earn Rs 12 to 15 lakh per year is likely to earn Rs 30 lakh if the new formula gets approved.
“Senior cricketers are certainly going to get a 100% raise, and even domestic players would get the same percentage increase,” a source close to CoA was heard saying.
“Since, these cricketers are the reason for BCCI’s revenues, can’t the board afford another Rs 200 crore for their salaries?” he further asked.
Notably, the former India captain, Sourav Ganguly raised the issue of pay hike of the domestic cricketers at the BCCI SGM early this week and said how a substantial hike in the salaries of domestic cricketers is a must.
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However, it was revealed that the new formula wouldn’t take away 70% of the BCCI’s total revenue.
“Because of the sheer bulk of the money, the senior Indian cricketers can’t be given half of the projected 26% revenue of BCCI. It would be distributed in such a way that domestic cricketers also get big hikes,” the official further explained.
Test cricketers like Cheteshwar Pujara, who doesn’t get to play the shorter versions of the game will also be properly compensated, which was a long concern of the Indian team management.
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