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ICC announces equal prize money for men’s, women’s events

CricketICC announces equal prize money for men's, women's events

Dubai: The International Cricket Council (ICC) today announced equal prize money for men’s and women’s teams at ICC events while also making changes to the over-rate sanctions in Test cricket.

The decision was made during the ICC Annual Conference held in Durban, South Africa, marking a significant milestone in ICC’s endeavor to achieve prize money parity by 2030, surpassing the predetermined timeline for the same.

Teams will now receive equal prize money for finishing in similar positions at comparable events as well as the same amount for winning a match at those events.

“This is a significant moment in the history of our sport and I am delighted that men’s and women’s cricketers competing at ICC global events will now be rewarded equally,” ICC Chairman Greg Barclay said.

“Since 2017 we have increased prize money at women’s events every year with a clear focus on reaching equal prize money and from here on in, winning the ICC Women’s Cricket World Cup will carry the same prize money as winning the ICC Men’s Cricket World Cup and the same for T20 World Cups and U19s too. 

“Cricket is genuinely a sport for all and this decision from the ICC Board reinforces that and enables us to celebrate and value every single player’s contribution to the game equally.”

The winners and runners-up at the ICC Women’s T20 World Cup 2020 and 2023 received $1 million and $500,000 respectively, which was five times the amount offered in 2018.

The prize money for the ICC Women’s Cricket World Cup 2022, too, rose to $3.5m from the $2m that was awarded for winning the 2017 edition in England.

Each member of the ICC will also receive substantial increases in funding, thanks to the implementation of a strategic investment fund dedicated to promoting global growth initiatives aligned with the ICC Global Growth Strategy.

“The success of our media rights and commercial programme for our next four-year cycle means we are able to invest more money than ever before into our sport,” Barclay said. 

“All Members will receive a base distribution and then additional revenue will be in relation to contribution to the global game both on and off the field. This is by far the largest level of investment ever to go into cricket and it’s a once-in-a-generation opportunity for our Members to accelerate growth and engage more players and fans and drive competitiveness.”

The ICC also extended support to member nations to create sustainable revenue streams and develop the game. 

New events that are coming up will now require a minimum of seven local players or Associate Member players. The organising Member will also pay a solidarity fee to the Home Board of a player. 

The Chief Executives’ Committee has endorsed modifications to the over-rate sanctions in Test cricket to strike a balance between the imperative of maintaining over-rates and ensuring fair remuneration for players.

Under the revised regulations that will be applied from the start of the current World Test Championship cycle, players will be subjected to a fine equivalent to 5% of their match fee for every over that falls short, with a maximum penalty capped at 50%.

Notably, if a team gets bowled out prior to reaching the 80-over mark and the new ball is not yet due, no over-rate penalty will be imposed, regardless of any potential delays. This amendment supersedes the existing threshold of 60 overs.

“The ICC World Test Championship has injected renewed energy into Test cricket giving it compelling context,” ICC Men’s Cricket Committee Chair Sourav Ganguly said.

“In the last edition we only had 12 draws in 69 matches, and we want to ensure that trend continues whilst we’re giving fans the best value for money and keeping over-rates up.

“The Men’s Cricket Committee felt strongly that over-rate penalties in the form of WTC points deductions should remain but recommended that players should not have 100% of their match fee at risk. We believe this provides a balance between maintaining over-rates and ensuring we are not deterring players from playing Test cricket.”

Courtesy: ICCC

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