Cricket Australia And The Australian Cricketers' Association Announce Deal
Cricket Australia and the Australian Cricketers' Association has agreed to a new five-year deal, featuring a "performance-dependent players' share of revenues," according to the AFP. Both parties have agreed to a change in the players' share of revenues from a fixed 26% to a variable 24.5-27% annually, dependent "on the performances of the Australian teams." The revenues include TV rights, match ticket sales and sales of licensed products and merchandise. A reduction in the number of CA contracted players was also negotiated from 25 to 17-20 along with a significant performance bonus pool for Australian players on top of their retainers and match fees (AFP, 6/22).