Cricket Australia reaches pay deal with players’ association after a bitter standoff. A new pay deal has been reached between Cricket Australia (CA) and the Australian Cricketers’ Association after months of negotiations, that means a scheduled tour of Bangladesh will go ahead later this month.
Earlier Australian captain Steve Smith said that without the final MOU his team won’t tour to Bangladesh. CA CEO James Sutherland said both parties had regret about the way negotiations unfolded.”This process hasn’t been easy and history will judge whether it was all worth it in the end,” he said.
In a significant move, the agreement will apply to all male and female players for the first time in Australian cricket, and the deal is being lauded as the biggest pay rise in the history of women’s sport in the country. Female player payments will increase from $7.5 million to $55.2 million.
Under the updated revenue sharing model, the players will share up to 30 per cent of agreed revenue, made up of 27.5 per cent of forecast revenue streams and a 2.5 per cent performance pool.That is estimated to be worth up to $500 million over the next five years, which is the length of the agreement.