Here you go fellas, its 2017 again - Cricket Australia and Players face off coming soon over pay cuts due to massive revenue loss. Significant loss in revenue means more cut in salary/contracts.
Gentle Reminder : Last time Warner led the protest.
Players enraged as pay dispute looms after grim financial prediction
Sydney Morning Herald reports that the players association was meeting on Thursday to decide on a formal position, but it’s expected that CA’s dire projection won’t be accepted.
The players, who fought hard with CA in 2017 to win a revenue-share model, are reportedly baffled by the projection given India’s visit — worth around $300 million — is expected to go ahead.
Sources told SMH that CA indicated as recently as April that revenue was expected to rise above $450 million.
Income received that exceeds CA’s prediction goes to the organisation until the end of the pay deal in 2022 when it is eventually passed on to the players.
According to the publication, CA believes it can avoid a deficit by next June by securing a $100 million line of credit, saving $65 million in staff cuts and reducing state grants by $28 million.