Cricket World Cup runners-up Sri Lanka unlikely to see pay increase
By Staff Writers | May 13, 2012
The financially struggling Sri Lankan cricket board does not intend on offering a salary increase to its players when new contracts are offered shortly.
The Sri Lankan team, who were World Cup runners-up last year, reportedly earned their cricket board over a million US dollars in prize money. But Sri Lanka Cricket (SLC) is in no position to offer an increase to their wages, after the mismanagement of the construction of two new stadiums for the World Cup and the renovation of one stadium left the board in $69 million in debt.
Furthermore, Sri Lankan players were left without wages through much of last year, as the cricket board struggled to stay afloat as a result of budget overruns by the then interim committee in charge of SLC, which was headed by Somachandra de Silva and Nishantha Ranatunga.
Cricket board officials intend on discussing the terms of the new contract with players upon their return from the Indian Premier League later this month.
"SLC officials have decided that they will not offer increments for any category and will go for discussions on that stance. It might change after negotiations with the players," Sri Lanka's Daily Mirror newspaper quoted an unnamed SLC official as saying.
The de Silva-Ranatunga led interim committee, who are largely responsible for the destitute state the board now finds itself in, implemented another ill-thought out policy in 2010 that saw contracts being handed to 99 cricketers.
Ranatunga, who was elected uncontested as secretary of SLC earlier this year, told Daily Mirror that the number of contracts will be reduced and an "incentive-based system for the domestic players" will be introduced.
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