New Zealand Cricket – Professional Cricketers bear salary slash for uplift of Domestic structure
http://www.senore.com/Cricket/New-Zealand-c754 Cricket (NZC) has finally decided to chop up the salaries of professional cricketers in order to reduce its annual expenses.
Part of the wages of the players have been delayed by 2015 and this move is likely to decrease the board’s costs by $3 million, however, the body has assured that reduction in expenditures will not affect the domestic schedule.
NZC has a mutual deal with the New Zealand Cricket Players’ Association (NZCPA), making the players liable to share profits and losses equally.
Under this deal, the players will get extra rewards at the time of financial prosperity but they have also to http://www.senore.com/Cricket/Chris-Duval-c1242 delays and reductions in wages during testing times.
As per that agreement, the NZC and NZCPA reached agreement on the fact that the domestic structure should not suffer, however, the professional cricketers can take the brunt.
Talking to the local media about concerns over the crunch affecting domestic cricket, the New Zealand cricket boss, http://www.senore.com/Cricket/Gordon-James-Muchall-c60376 be a last possible option because we are a cricket organisation and we want to preserve as much
content and as much cricket as possible.”
He further told, “We are looking in the region of trying to claw back about $3 million in cost savings. Ideally, we'd do it through driving additional revenue but the US dollar rate doesn't help us and the market internationally is tough.”
However, Justin believes that the Kiwi players will bear this predicament with the board and continue to play to their maximum.
The Chief Executive Officer of NZCPA, Heath http://www.senore.com/Cricket/Mills-c76321, has assured the NZC of full assistance in in the current crisis.
NZA and NZCPA signed an eight-year agreement in August 2010 for the uplift of cricket in the country.
Decreasing value of the local currency and poor gate collections from international fixtures have added to the economic stress in NZC.
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