New Zealand Cricket (NZC), the governing body for cricket in New Zealand, and the players have agreed on a revenue sharing model, which will see cricketers getting 26.5% share in the cricket board’s revenue.
New Zealand Cricket (NZC) and New Zealand Cricket Players Association (NZCPA) have agreed on a new fixed-revenue share model which will see the New Zealand cricketers getting 26.5% share from the NZC revenue.
The four-year agreement has been signed for the period between August 1, 2018 to July 31, 2022. The new agreement is based on a return to a fixed-revenue share model, through which the players will receive 26.5% of revenue generated from professional cricket. The revenue for the four year term has been estimated at $65.3m, an increase of 16% on the past four years.
Additionally, the Player Payment Pool will receive 30% of professional revenue over and above the forecast amount. The new agreement includes a slight change to the contracting process, with NZC’s annual BLACKCAPS central contracts being reduced by one (from 21 to 20) and the number of annual domestic contracts for each MA increasing by one (from 15 to 16).
It also incorporates increased funding for professional development programmes; the establishment of a health and well-being initiative for past players; and a forecast investment of $2.85m into the cricketers’ retirement fund over the four year term.
There will be an expanded NZ A programme; the establishment of development contracts for emerging players; an increase in Ford Trophy rounds (from eight to 10 plus finals) and a reduction of Plunket Shield rounds (from 10 to eight).
NZC chief executive David White said the Master Agreement negotiations were a demonstration of the ongoing goodwill between all parties. “I just want to congratulate everyone involved on the constructive manner in which the entire process was conducted,” he said.
“It was evident throughout that all parties shared a common interest in striking an agreement that was fair, progressive and good for the overall game in New Zealand. There has been strong and robust discussion throughout the process, as you’d expect with such a significant document – but the overall tone has been one of cooperation.”
NZCPA chief executive Heath Mills said, “I’d like to acknowledge the spirit in which NZC and the Major Associations entered the negotiation process,” said Mr Mills. At all times, we’ve felt respected, and treated as an important and valued stakeholder in the sport. It’s great to see all parties so well aligned and moving in the same direction.”
The Memorandum of Understanding governing the professional women’s game expires on July 31, 2019 and discussions will commence shortly on a new agreement – with a view to it running concurrently with, and expiring at the same time as, the new men’s agreement.
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