On Wednesday, SC appointed Committee of Administrators (CoA) for BCCI introduced the new Annual Player Contracts for the ongoing cricketing season (October 2017 to September 2018). However, BCCI interim secretary Amitabh Choudhary said that CoA has not involved any BCCI office bearers and members while taking those decisions.
CoA announced the new Annual Player Contracts for the ongoing cricketing season. There are total four grades along with the new grade A+ for the men’s international team. Grade A+ is especially for those who are playing in all international cricket formats for India as their retention fee is INR 7 crore.
Grade A has INR 5 crore retention fee while Grade B and Grade C has INR 3 crore and INR 1 crore retention fees respectively.
The annual retention fees for women’s national team cricketers have also raised while a new Grade added in there too. Their Grade A retention fee is INR 50 lakhs while Grade B retention fee is INR 30 lakhs. The CoA added a new category Grade C with INR 10 lakhs retention fees.
Also read: Twitter Reactions - Cricketers wishes International Women’s Day
There are also hike in per day fees for all categories of domestic cricket, both for men and women.
Talking about the huge amount of fees hikes in Indian cricket, CoA chief Vinod Rai stated, “The CoA recognises that the actual income of the BCCI fluctuates on an annual basis depending on the number of home matches Team India (senior men) plays. Hence, to insulate the player compensation, the CoA has sanctioned the creation of a Players Revenue/Compensation Equalization Fund” (PR/CEF) to which the BCCI will contribute approximately ₹125 cr per annum from its surplus.”
Also read: Vinod Rai not happy on BCCI’s day-night Test implementation process
In the meantime, BCCI interim secretary Amitabh Choudhary revealed that CoA has not involved any BCCI office bearers and members in taking that important decision.
Speaking about that, Choudhary said, “I can also say that none of the BCCI office bearers or members have been involved in this process of determining the Compensation. Moreover, I being the convenor of the Selection Committee, no meeting has taken place to discuss the particular matter.”
