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ICC Announces Equal Prize Money for Men’s and Women’s Teams at Events
The International Cricket Council (ICC) has made a significant development by announcing equal prize money for men’s and women’s teams at ICC events. This decision was made during the ICC Annual Conference held in Durban, South Africa. The ICC is aiming to achieve prize money parity by 2030, but they have surpassed their predetermined timeline for the same.
Equal Prize Money for Comparable Events
Teams will now receive equal prize money for finishing in similar positions at comparable events, as well as the same amount for winning a match at those events. This move is seen as a significant moment in the history of the sport, promoting equality and celebrating the contributions of every player.
Largest Ever Investment into Cricket
The ICC Board has also confirmed the largest ever investment into the sport. The distribution model for the next four years has been agreed upon, with every ICC Member receiving significantly enhanced funding. A strategic investment fund has been ring-fenced to drive global growth initiatives in line with the ICC Global Growth Strategy.
Changes to Test Cricket’s Over-Rate Fines
The Chief Executives’ Committee has approved changes to Test cricket’s over-rate fines to achieve a balance between preserving over-rates and providing equitable compensation for players. Under the new rules, players will be fined 5% of their match fee for each over that falls short, with a maximum penalty of 50%. There will be no over-rate penalty enforced if a side is bowled out before reaching the 80-over mark and the new ball has not yet been delivered.
The ICC Men’s Cricket Committee believes that these changes will maintain over-rates while ensuring that players are not deterred from playing Test cricket.
(With ICC Inputs)
