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New Zealand cricketers to benefit from new revenue-sharing deal
- Updated: July 26, 2018
The new agreement also includes a slight change to a constrictive process, with NZC’s annual executive contracts being reduced by one (from 21 to 20)
New Zealand Cricket (NZC) on Thursday announced a new understanding with a players’ organisation that will see a cricketers accept 26.5 percent, a travel of approximately 16 percent, of a income generated in a subsequent 4 years, starting Aug 1. According to a new master agreement, New Zealand’s players are set to share $4.45 million (NZD 65.3m) over a four-year tenure from Aug 2018 – Jul 2022.
The new agreement also includes a slight change to a constrictive process, with NZC’s annual executive contracts being reduced by one (from 21 to 20) and a series of annual domestic contracts for any vital organisation augmenting by one (from 15 to 16), a matter from NZC said.
Commenting on a new agreement negotiations, NZC arch executive David White said: “I only wish to honour everybody concerned on a constructive demeanour in that a whole routine was conducted.” “It was clear via that all parties common a common seductiveness in distinguished an agreement that was fair, on-going and good for a altogether diversion in New Zealand,” he added.
The new agreement also enclosed a foresee investment of $1.94m (NZD 2.85m) into a cricketers’ retirement account over a four-year term. Next in line are a contracts of a women cricketers, that end on Jul 31 subsequent year. The NZC is mulling during using both a group and women’s deals concurrently.
Also Read: Mumbai-Born Ajaz Patel Named In New Zealand Test Side
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