PCB brings exponential increase in domestic cricket prize money

Ali Ahmed September 2, 2019

The Pakistan Cricket Board (PCB) has announced a massive increase in prize money of domestic tournaments. The development comes after the board unveiled its ambitious 2019-20 domestic cricket structure.

The prize money for Quaid-e-Azam Trophy has been increased by 233 per cent, whereas there has been a surge of 150 and 100 per cent in the prize money of Pakistan Cup and National T20 Cup.

The winners of the Quaid-e-Azam Trophy will be awarded Rs10million and the runner-up will get Rs5mn. Another Rs5mn will be handed out to tournament’s top-performers and the man-of-the-final will take Rs50,000 home.

Meanwhile, the winners of the Pakistan Cup One-Day Tournament and the National T20 Cup will get Rs5mn, and the runner-up will bag half of it. The man-of-the-final for both tournaments will be awarded Rs35,000.

The top-performers for the apex one-day tournament will get a share from the pool of Rs250,000. For the T20 tournament, it would be from Rs100,000.

The PCB announced to inject over Rs1billion this season.  The majority of which will go into the remuneration of players, as players could not earn over Rs2mn in the course of the upcoming season, based on enhanced retainers, match-fees, allowances, and prize money.

As per the new model, the six Cricket Associations will provide year-long contracts to 32 players each to provide them stable income. The 192 contracted players will earn Rs600,000 per annum on the basis of Rs50,000 monthly retainers.

Copyright Business Recorder, 2019

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