“The provision for gross revenue share payable to the players has gone down from Rs 49 crore to Rs 11 crore in the current year”

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The Board of Control for Cricket in India (BCCI) have announced that the national team’s wages will be cut due to a decrease in revenue from media rights.

“In the year under consideration the expenses on cricketing operations went down marginally from Rs 551 crore last year to Rs 516 crore in the current year,” BCCI treasurer Anirudh Chaudhry said. “The provision for gross revenue share payable to the players has gone down from Rs 49 crore to Rs 11 crore in the current year. This is because of the lesser media rights income.

“The gross media rights income had gone down substantially from Rs 774 crore last year to Rs 419 crore in the current year. This is mainly because of lesser number of International matches at home.”

The BCCI also revealed that they were made to fork out Rs 1,194 crore for the 2014 edition of the Indian Premier League (IPL) in comparison to Rs 892 crore in 2013.

“This is because the receipts from IPL media rights income have gone up from Rs 556 crore to Rs 844 crore and the franchisee consideration has gone up marginally from Rs 460 crore to Rs 502 crore,” Chaudhry said.

However, the BCCI did make a lot more money from last year’s Champions League Twenty20 (CLT20) tournament and were also given Rs 33 crore as part of the International Cricket Council’s (ICC) revenue distribution system.

“This is mainly because of better treasury operations in getting better-negotiated interest rates for the short term deposits and efficiency of operations,” Chaudhry said.