[2023] For ICC events, the ICC has announced equal prize money for men’s and women’s teams.

ICC  announcement

Men’s and women’s teams competing in ICC competitions will now receive equal prize money, according to the International Cricket Council (ICC). The choice, made at the ICC Annual Conference in Durban, South Africa, assures that the ICC Board will achieve prize money equity long before the target date of 2030. Now, teams will be awarded the same amount for winning a match at such events as well as the same prize money for placing in a similar place at similar competitions.

“This is a significant moment in the history of our sport, and I’m thrilled that men’s and women’s cricket players competing at International Cricket Council global events will now be rewarded equally,” ICC Chair Greg Barclay said.

From this point forward, winning the International Cricket Council Women’s Cricket World Cup will carry the same prize money as winning the ICC Men’s Cricket World Cup, and the same is true for T20 World Cups and U19s. Since 2017, we have increased prize money at women’s events every year with a clear focus on reaching equal prize money.

“This decision from the ICC Board enables us to celebrate and value every single player’s contribution to the game equally. Cricket is truly a sport for all.”

Following the adoption of the distribution scheme for the upcoming four years, the ICC Board also approved the highest investment ever made in the sport. With a strategic investment fund ring-fenced to support global growth activities in line with the ICC Global Growth Strategy, every ICC Member will receive financing that is greatly increased.

The success of our broadcast rights and commercial strategy for our upcoming four-year cycle has allowed us to invest more money than ever before in our sport, according to ICC Chair Greg Barclay.

“All Members will get a base payout, with additional income based on contributions to the global game on and off the pitch. This represents by far the highest amount of investment ever made in cricket, and it presents a once-in-a-generation opportunity for our Members to spur competition, accelerate growth, and engage more players and spectators.

I’m thrilled that the board has agreed to establish a strategic investment fund that will hasten the implementation of our global growth strategy.

The ICC Board also approved modifications to the ICC Sanctioning Regulations that will assist all Members in developing the sport and generating sustainable revenue streams while preserving the sport’s integrity and the welfare of those who participate.

Future sanction-required tournaments must guarantee that each team’s playing XI includes a minimum of seven local or Associate Member players to foster the growth of the sport. A solidarity fee will also be paid by the organizing Member to the home board of a player in order to acknowledge the contribution the Member made to the growth and global promotion of the sport.

In order to strike a balance between the necessity to sustain over-rates and make sure players are paid fairly, the Chief Executives’ Committee authorized adjustments to the over-rate fines in Test cricket. Players will therefore be penalized up to 50% of their match fee for each over short. Even if the over rate is sluggish, there won’t be an over-rate penalty if a side is dismissed before the new ball is called at 80 overs. The current 60 above threshold is replaced by this.

Sourav Ganguly, chairman of the ICC Men’s Cricket Committee, said: “The ICC World Test Championship has given Test cricket a fascinating context and tremendous enthusiasm. We only had 12 draws in 69 games in the last season, and we want to make sure that trend continues while offering fans the best value for their money and maintaining high over-rates.

The Men’s Cricket Committee strongly believed that over-rate fines, which are deducted WTC points, should continue, but they also suggested that players not risk losing 100% of their match fee. This, in our opinion, strikes a compromise between keeping over-rates high and making sure we’re not discouraging players from playing Test cricket.

The CEC decided that this modification would take effect at the beginning of the current World Test Championship cycle and be retroactive.

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