After football, Cricket is the most favourite sports in the world. The sport of Cricket is full of glamour and wealth, that’s why every youngster in India wants to become a Cricketer. The BCCI gives salaries to cricketers based on their performance in matches as this encourages them to play better and win acclaim for the country. The high level Committee of Administrators set up by Supreme Court of India have announced the contract and salaries of the cricketers till 30th September, 2017.
Recently, BCCI has doubled the remuneration to be paid to cricketers in this contract. BCCI has divided the contracted players into three categories A, B and C.
Grade A: These players get Rs. 2 crore per year.
Grade B: These players get Rs. 1 crore per year.
Grade C: These players get Rs. 50 lakhs per year.
Those players who perform well are classified under Grade A category. Till date only four players were included in this list viz. Virat Kohli, R. Ashwin, Dhoni and A. Rahane. Currently this number has been increased to seven. New contract has been applied since October 2016.
1. M.S. Dhoni
2. Virat Kohli
5. Cheteshwar Pujara
6. Ravindra Jadeja
7. Murli Vijay
1. Rohit Sharma
2. Lokesh Rahul
3. Yuvraj Singh
4. Ishant Sharma
5. Bhubneshwar Kumar
6. Muhammad Sami
8. Umesh yadav
9. Jaspreet Bumrah
1. Shikhar Dhawan
2. Amit Mishra
3. Ambati Naidu
4. Ashish Nehra
5. Manish Pandey
6. Akshar Patel
7. Hardik Pandya
8. Karun Nair
9. Parthiv Patel
How much money players get when they play a Test Match, ODI and Twenty20:-
1. Each player gets Rs. 15 lakh to play a Test Match
2. Each player gets Rs. 6 lakh to play an O.D.I.
3. Each player gets Rs. 3 lakhs to play a T-20 match.
Note: The important point to be noted here is that money given under the BCCI contract and the money paid for each match is given separately.
If a player scores a century in ODI or Test Match, he get Rs. 5 lakh as bonus irrespective of the grade to which he belongs. On taking five wickets, a bonus of five lakh rupees and on scoring a double century a bonus of Rs. 7 lakh is given to the player.
Bonus on Team Performance
BCCI also gives performance based bonuses. If a player scores half or full century against top ranked team, he may get a hike of 30-60% in his salary. It is clear that BCCI awards different bonuses based on achievements. Further, on retirement, it provides pension also.
Thus the revenue figures mentioned above shows that cricket has a huge money and fame as compare to other sports in India. This is the only reason that big corporate house are much interested in sponsoring the players and tournaments related to cricket.