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The International Cricket Council (ICC), on Thursday, made some major changes to many aspects of the game, the revenue systems, and more during their board meeting in Durban on Thursday.
One of the biggest changes was bringing parity in the prize money of all men's and women's cricket tournaments. However, in addition to this, there are a number of other major factors that have been adjusted by the board. Here, we take a look at some of these major changes that are going to be implemented.
BCCI to earn massive bucks in new revenue distribution model
In accordance with the amount of money that the BCCI usually makes, the ICC came to the decision that the Indian board will annually earn USD 230 million from the USD 600 million pot for the next four years. This amounts to around 38.4 per cent of the full budget, almost six times more than England and Wales Cricket Board (ECB). They will get USD 41 million while Cricket Australia (CA) will get 37.53 million.
"The ICC Board also confirmed the largest-ever investment into the sport after the distribution model for the next four years was agreed. Every ICC Member will receive significantly enhanced funding with a strategic investment fund ring-fenced to drive global growth initiatives in line with the ICC Global Growth Strategy," the ICC release stated.
Cap on players' participation in new events
Another major decision that the ICC has taken is to put a cap on international players in the franchise T20 leagues. Now all participating teams must have seven homegrown players or players from associate members in their playing XIs, meaning only four foreigners will be allowed. This is to prevent the retirement of T20 specialists from top countries
"Moving forwards, new events requiring a sanction will need to ensure the playing XI of each team will include a minimum of seven local or associate member players to support the development of the game. Additionally, a solidarity fee will be payable from the organising member to the home board of a player to reflect the role the member played in developing and promoting the sport globally," the statement read.
This comes after the likes of Trent Boult and Jason Roy chose to give up their international contracts to play in T20 leagues across the world.
In addition to this, a 'solidarity fee', like a commission fee, will need to be paid to the home board of an overseas player for their services.
New Over-rate sanctions to be implemented
The Chief Executives' Committee approved changes to over-rate sanctions in Test cricket to balance the need for over-rates to be maintained and ensure players are appropriately remunerated. Such players will be fined 5 per cent of their match fee for each over short up to a maximum of 50 per cent. If a team is bowled out before the new ball is due at 80 overs, there will be no over-rate penalty applied even if there is a slow over-rate. This replaces the current 60-over threshold.
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