The Australian players will now be paid according to the way they perform during matches
The Australian Cricketers’ Association (ACA) and Cricket Australia have reached a new five-year deal where squad members will be paid upon their performances.
The new payment agreement comes after the Australian team threatened to have a strike over the amount that Cricket Australia were planning to pay them in the newly released central contracts.
The new five-year deal, or also known as the Memorandum of Understanding, is also the longest deal that has ever been agreed upon between Cricket Australia and the players.
The new agreement does come with a price though, as each year a lower number of national contracts will be handed out to the players.
In the past Cricket Australia gave contracts to 25 players, but with the new deal, that number has been slashed down to 17-20, with only 17 players receiving a national contract this year.
However, players can earn themselves a pay upgrade throughout the year, but can only do so by representing Australia in matches more frequently.
Cricket Australia also announced that since more and more international players are starting to return to the domestic leagues, the states in the domestic leagues will now be allowed to give contracts to 18-20 players, which is a huge increase from the 14-18 players from before.
But, before the Australian players think they have all the money in their pockets, Cricket Australia’s new rule will make them think again, as a certain portion of the revenue for players will be based upon their performances while playing for the national team, and bonuses are also up for grabs if Australia win matches, tournaments, series or reach the top of the International Cricket Council (ICC) rankings in any three formats of the game.
Players will all start with a base level of 24.5 per cent of cricket revenue, but this amount could rise as high as 27 per cent if the Australian team were to start winning many series and tournaments.
Cricket Australia chief executive James Sutherland believes the new system will encourage players to put all their effort into winning since they would be rewarded with a bonus if they were to win.
“We are pleased with the agreement we have reached with ACA, we all want Australian cricket teams to be successful and this agreement will greatly enhance the likelihood of success over the coming years. We believe that this agreement and its player payment model strikes a strong balance – players are well rewarded for playing senior representative cricket within a system that emphasises accountability for performance and ensures the right players are receiving the right payments at the right times,” Sutherland said.
ACA chief executive Paul Marsh announced that the players were all in agreement over the terms of the new contract.
“The significant outcome here is we’ve got a five-year deal, so we can both concentrate on other issues now for the next five years, which is great for Australian cricket and great for the players,” Marsh said. “The deal from our perspective is one that we’re very happy with. The players wholeheartedly support this. We took this to the player group for final ratification and the vote of the players was 100% in support of the deal we have got, so every single player voted in support of it,” he said.
As part of the new agreement, players will also see increases in their contract values and match fees, with the minimum Cricket Australia contract set to rise from $160,000 to $230,000.
Meanwhile, state contracts will also see an increase, with the minimum now set at $50,000 and the maximum at $150,000, which is up from the minimum of $40,000 and maximum of $115,000 last year.
Marsh, noted that this deal would help bring out the real fire from all the players and hopefully establish Australia as one of the top teams again after losing their credentials when players like Glenn McGrath, Shane Warne, Justin Langer and Adam Gilchrist retired.
Furthermore, as part of the new deal, the ACA will get 26 per cent of Cricket Australia’s revenue after the 2015 World Cup in order to develop a past-player and game-development programme.