ACB substantially hikes pay in new 4-year deal

Published: Wednesday, May 9, 2001, 23:53 [IST]
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Melbourne: An Australian player will become the first millionaire Test cricketer under a new four-year deal agreed by the Australian Cricket Board (ACB).

ACB chief executive Malcolm Speed said on Wednesday the deal would make Australia the best paid cricket team in the world.

Speed said current ACB-contracted players could earn a maximum of Australian $ 625,000 ($ 315,000) annually but from 2004 pay could rise to a million Australian dollars ($ 520,000).

"The Australian cricket team will become the best-paid team in the world," he said. Australia contracts 25 players each year and the top ranked player would be in line for the top pay.

Last year captain Steve Waugh was reported to have made Australian $ 600,000 from a full Test and One-day programme, although star bowler Shane Warne reportedly made double that from endorsements and advertising work.

The selectors decide on players' rankings.

"I'm not going to guess who the first million dollar player will be," Speed said.

AFP Copyright AFP 2001

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