PCB BOG approves Rs 15 billion budget for FY 2022-23, 78% earmarked for cricket activities
LAHORE (92 News) – The second 69th meeting of the calendar year of the PCB Board of Governors was held on Thursday at the National High Performance Center under the chairmanship of Rameez Raja.
Some of the major decisions taken in the meeting are as follows:
BoG approved an operational activity-based annual budget for its 2022-23 financial year.
The PCB has budgeted a total expenditure of Rs 15 billion, of which around 78 per cent has been allocated for cricket-related activities. This includes central contracts for men’s and women’s cricketers, men’s and women’s international and domestic cricket events in the 2022–23 cricket season along with additional local tournaments and matches, the Pakistan Super League 8 and the inaugural Pakistan Junior League.
In addition to the operating budget, and in view of the ACC 50-over Asia Cup 2023 and ICC Champions Trophy 2025 to be held in Pakistan, the BoG approved the allocation of funds for infrastructure and stadium upgrades, including floodlights, replays. Screen, player dressing room and new spectator chairs.
The BoG also approved the management’s recommendation to introduce a schooling allowance for lower employees to support the education of their children, as part of their duty of care to their employees.
player central contract
- As part of its strategy to encourage, reward and encourage high performing elite cricketers, as well as reduce the pay gap compared to players from other countries, the BoG has introduced the following in the men’s central contract structure. Changes approved:
- Separate red and white ball contracts with increased retainers
- Number of centrally contracted players increased from 20 to 33
- Introduction of Category ‘D’, which will include players who are returning or knocking on the doors of international cricket
- 10 percent hike in match fees across formats
- Match fee for non-playing members increased from 50 percent to 70 percent of the total match fee
- Introducing a captaincy allowance to compensate the team captain for the additional responsibilities that come with that role
- An allocation of an amount for the current players with an aim to manage and reduce the workload of the elite players and to ensure that they are fully fit, prepared and refreshed whenever they play for Pakistan.
- For women’s central contracts, there will be an increase of 15 per cent in retainers across all categories, with the single contract concept. In addition, the pool of women centrally contracted players can be increased from 20 players to 25 players.
- The PCB will soon announce the list of men’s and women’s central contracts for 2022-23, effective 1 July 2022.