England’s men’s cricket side agrees 15 percent pay cut for next year to help ECB with expected £ 100 million deficit from coronavirus pandemic
- The ECB expects a shortfall of £ 100 million as a result of the coronavirus pandemic
- The governing body has dismissed and announced cost-cutting measures
- English men’s players will help by taking a 15 percent pay cut for the year
- Director Ashley Giles said players had ‘behaved adult’
The England men’s team has agreed to implement a 15 percent wage cut the following year as part of cost-cutting measures due to the financial troubles caused by the coronavirus.
The England and Wales Cricket Board expects a deficit of around £ 100 million in its accounts due to the restrictions caused by the pandemic, with more losses likely to follow in 2021.
A number of layoffs have been confirmed by the ECB, which has been negotiating with the Team England Player Partnership (TEPP) in recent weeks following the announcement of the final round of holders for 2020/21.
Joe Root and Co will get a 15 percent pay cut to make up for the ECB’s deficit due to the pandemic
Stuart Broad was one of the players who pushed for accepting the pay cut
Bowlers Stuart Broad and Chris Woakes recently urged players to be willing to take a pay cut, which the ECB revealed on Friday morning would come from tokens, match fees and bonuses won.
Ashley Giles, Director of Men’s Cricket, said, “I would like to thank the players and TEPP for working together to reach this agreement.
“The relationship with our Men’s Players and Their Representatives (TEPP) is strong, and we must recognize that our players, led by captains Joe Root and Eoin Morgan, have behaved with great maturity and responsibility throughout this challenging time.
“We now want to build on this agreement and work together in a number of areas related to player wellbeing, notably mental health, which remains a high priority for all of us as we continue to move through this pandemic.”
ECB Director Ashley Giles thanked the English men’s players for their maturity
The annual contracts were reportedly worth £ 650,000 to test stars and £ 275,000 to 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 themselves the important role they play in helping cricket get out of this pandemic in the strongest possible position. fully appreciate.
By agreeing to this revised compensation package, they have shown great responsibility and unity with the wider game.
“TEPP would like to express our appreciation to the ECB for their cooperative approach in agreeing a way forward in these challenging circumstances.”