England men’s cricket side agree 15 per cent pay cut for the next year to help ECB with expected £100m shortfall from coronavirus pandemic
- ECB are anticipating £100million deficit due to impact of coronavirus pandemic
- Governing body have announced redundancies and cost cutting measures
- England men’s players will help by taking a 15 per cent reduction in pay for year
- Director Ashley Giles said players had ‘conducted themselves with maturity’
England’s men’s team have agreed to take a 15 per cent reduction in pay over the next year as part of cost-cutting measures brought on by the financial hardship caused by coronavirus.
The England and Wales Cricket Board expects around a £100million deficiency in its accounts because of the restrictions brought on by the pandemic and more losses could follow in 2021.
A number of redundancies have been confirmed by the ECB, which has been in negotiations with the Team England Player Partnership (TEPP) in recent weeks after the announcement of the latest round of retainers for 2020/21.
Joe Root and Co will take a 15 per cent pay cut to help the ECB’s shortfall due to the pandemic
Stuart Broad was among the players insisting a willingess to take the pay reduction
Bowlers Stuart Broad and Chris Woakes have insisted recently the players are willing to take a pay cut, which the ECB revealed on Friday morning would come from retainers, match fees and win bonuses.
Director of men’s cricket Ashley Giles said: ‘I would like to thank the players and TEPP for their collaboration, which has enabled us to reach this agreement.
‘The relationship with our men’s players and their representatives (TEPP) is strong, and we need to recognise that our players, led by captains Joe Root and Eoin Morgan, have conducted themselves with great maturity and responsibility throughout this challenging time.
‘We now want to build on this agreement and work together on a number of areas relating to player welfare, particularly mental health, which remains a high priority for all of us, as we continue to navigate a path through this pandemic.’
ECB director Ashley Giles thanked the England men’s players for their maturity
The annual contracts were understood to have been worth £650,000 for Test stars and £275,000 for white-ball performers in 2019/20.
Richard Bevan, chairman of the Team England Player Partnership, said: ‘These are unprecedented times and once again the players have shown that they fully appreciate the important role they play in helping cricket emerge from this pandemic in as strong a position as possible.
‘In agreeing to this revised remuneration package, they have shown great responsibility and unity with the wider game.
‘TEPP would like to place on record our appreciation to the ECB for their cooperative approach in agreeing a way forward throughout these challenging circumstances.’