Higher than expected revenue provides player bonus
All state and international cricketers will share in a $2.6 million bonus after the Australian Cricket Board (ACB) announced a higher than expected level of Australian Cricket Revenue (ACR) of $70.4 million today.
ACR is the consolidated cricket revenue generated from the ACB and the six state cricket associations. It is used by the ACB to determine the amount of money available to pay players.
Under the formula used by the ACB and the Australian Cricketers’ Association, 20 per cent of ACR up to $60 million ($12 million) and 25 per cent any revenue over $60 million is allocated to the player payments pool.
During the 1998/99 season, the ACB has provided an initial $12 million to the pool and as a result of this higher than expected level of ACR will now provide the additional $2.6 million to the pool.
The $70.4 million result has been driven by higher than estimated income from gate receipts, overseas television rights and sponsorship.
ACB Chief Executive, Malcolm Speed, said that the level of revenue reflected the health of the game in Australia and the strength of the Board’s relationship with the ACA.
In addition to the player bonuses, Mr Speed said that the result would allow the ACB to invest more money in the grassroots development of the game and to provide adequate distributions to state associations.
“This result is pleasing for all parties involved in cricket. It is an example of the stronger partnership being built with the players as they now have a stake in the business of cricket. They are able to share in the benefits when the game does well” said Mr Speed.
“For the game, it allows both the ACB and the state associations to invest even more heavily in nourishing the game’s grassroots and building and maintaining the infrastructure that will ensure the game continues to prosper.”
Australian Cricketers’ Association Chief Executive, Tim May, welcomed the result and its flow on to the players.
“All parties are to be congratulated for generating this income. What is also pleasing is the way in which all state and international cricketers will now be able to share in this excellent result,” said Mr May.
Prior to the final allocations to players from the additional payments pool, a $200 000 distribution to the Australian Cricketers’ Association will be made in accordance with the agreed formula.
Of the remaining $2.4 million, 57.5 per cent of the amount will go to the 50 players who were contracted and/or represented Australia or Australia A last season, while the remaining 42.5 per cent will be shared by the players who represented their state.
Individual player allocations will be made on a pro-rata basis according to the amounts earned by the players. Players are eligible for payments from both allocations if they have represented both their state and Australia.
| Test Teams | Australia. |
| Players/Umpires | Tim May. |
| Season | Australian Domestic Season |
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