BCCI Introduces New Payment Structure For Indian Cricketers

By CricShots - Mar 7, 2018 12:52 pm

On Wednesday, the Hon’ble Supreme Court of India appointed Committee of Administrators (CoA) for BCCI has announced the Annual Player Contracts for the current season starting from October 2017 to September 2018. The CoA has narrowed down the list by keeping in mind that the performance and position of Indian Cricket need to be acknowledged with the fee structure equivalent to the best in the world.

The BCCI have introduced a new grade system altogether – Grade A+: ₹7 Cr, Grade A: ₹5 Cr, Grade B: ₹3 Cr, Grade C: ₹1 Cr. Earlier, there was no Grade A+ in the list while Grade A players earlier received ₹2 Cr and Grade B and C cricketers used to get ₹1 Cr and ₹50 Lakh respectively in the previous contract system.

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The highlights of the new payment structure are as below:-

Team India (Senior Men)

(i) Introduction of a new category: A+

(ii) The new retainership fee structure

New category structure Team India (Senior Men) Source: BCCI

Team India (Senior Women)

(i) Introduction of a new category: C

Domestic Cricket (Season 2017-18)

(i) Focus on the increase in Match fee and an upfront payment model for Domestic Cricketers

The Domestic Match fee structure will witness a hike of over 200 in each category.

Domestic Match fee structure for Men and Women Source: BCCI

T20 match fee = 50 percent of the respective category.

Five players will receive ₹7 Cr annually from BCCI as they have been placed in the top grade – Virat Kohli, Rohit Sharma, Shikhar Dhawan, Bhuvneshwar Kumar and Jasprit Bumrah. Meanwhile, former India skipper Mahendra Singh Dhoni remains in Grade A and will receive ₹5 Cr per annum.

List of Annual Player Contracts Team India (Senior Men)

List of contracted players from the Men’s team Source: BCCI

List of Annual Player Contracts Team India (Senior Women)

List of contracted players from the Women’s team Source: BCCI

The CoA acknowledges that the substantive income of the BCCI varies on an annual basis depending on the number of home matches the men’s team play. Hence, to separate the player pay, the CoA has approved the creation of a Players Revenue / Compensation Equalization Fund” (PR/CEF) to which the BCCI will contribute nearly ₹125 Cr per annum from its surplus.

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Meanwhile, the most striking part is that fast bowler Mohammed Shami’s name has been axed out from all the lists and he doesn’t feature in any of the four groups formed by the BCCI for the calendar year for the period of October 2017 to September 2018.