Business · Sri Lanka Bureau
West Indies cricketers face quarter salary cut in financial overhaul
Cricket West Indies has implemented a 25% reduction in retainer fees for internationally contracted male players as part of a broader financial restructuring initiative. The move reflects ongoing challenges facing the regional cricket board.
LSN Sri Lanka ·
Cricket West Indies (CWI) has announced significant salary reductions affecting its pool of internationally contracted men's players, cutting retainer fees by 25% in an effort to stabilize the organization's finances.
The restructuring measure comes as CWI grapples with budgetary pressures that have necessitated organizational changes across multiple departments. The decision impacts players on the board's retainer system, which forms a core component of compensation for West Indies representatives.
The reduction in retainer fees represents one of several measures being implemented to address CWI's financial position. The board has indicated that the restructuring is essential to ensure the long-term sustainability of cricket operations across the region.
CWI officials have not disclosed specific timelines for when the salary adjustments will take effect or whether additional measures may be introduced in subsequent phases of the restructuring plan. The decision affects a significant portion of the West Indies cricket establishment at a time when the regional team is working to improve its competitive standing in international cricket.