ISLAMABAD – The Board of Governors of the Pakistan Cricket Board (PCB)announces massive increase in the salaries of the contract cricketers andmatch fees.
PCB on Friday morning held their second meeting of the year, 58th overall,via a videoconference under the chairmanship of Ehsan Mani.
The BoG approved an Rs. 7.76 billion operating expenditure budget for the2020-21 fiscal year, which is a 10% reduction from the 2019-20 budget aspart of the PCB’s austerity, robust financial management, andbelt-tightening exercise.
Without compromising and reducing any activities from the 2019-20activities, the PCB has allocated 71.2% of the overall budget forcricket-related activities.
The allocated 71.2% cricket budget includes 25.2% for domestic cricket(events and players/match officials/player support personnel contracts andHigh-Performance Centre costs), 19.3% for international cricket (home/awayseries and player contracts), 5.5% for women’s cricket (home/away cricketand player contracts), 19.7% for PSL 2021 and 1.5% for Medical and SportSciences.
While forecasting shortfall in revenues due to the Covid-19 pandemic, whichhas left the fate of revenues from international events hanging in balanceand may also affect PCB’s commercial program, the BoG has agreed tocontinue investment on infrastructure development by approving Rs.1.22billion budget for capital expenditure, a reduction of approximatelyRs. 800 million from 2019-20.
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PCB Chief Executive Wasim Khan briefed the BoG on the new 12-monthmerit-based domestic player contracts for the 2020-21 season. The newcontracts will come into effect from 1 August 2020.——————————
According to the new monthly retainer structure, the PCB will again offer192 leading domestic players (32 from each of the six Cricket Associations)performance-based contracts, but instead of paying a flat monthly retainerof Rs. 50,000 to all players, this season slab-wise payments will be made.
The new monthly retainer structure is:
– *Category A+* = 10 players, Rs. 150,000 per month – *Category A* = 38 players, Rs. 85,000 per month – *Category B* = 48 players, Rs. 75,000 per month – *Category C* = 72 players, Rs. 65,000 per month – *Category D* = 24 players, Rs. 40,000 per month
