The International Cricket Council (ICC) on Thursday announced equal prize money for men’s and women’s teams at ICC events while also making changes to the over-rate sanctions in Test cricket. “The decision was taken at the ICC Annual Conference in Durban, South Africa and ensures the ICC Board fulfilled its commitment to reaching prize money equity by 2030 well ahead of schedule,” ICC said in an official statement. Teams will now receive equal prize money for the equivalent finishing position at comparable events as well as the same amount for winning a match at those events. The ICC from the next cycle will award the same prize money to men’s and women’s champions and runners-up teams at its global events.
“This is a significant moment in the history of our sport and I am delighted that men’s and women’s cricketers competing at ICC global events will now be rewarded equally. Since 2017 we have increased prize money at women’s events every year with a clear focus on reaching equal prize money and from here on in, winning the ICC Women’s Cricket World Cup will carry the same prize money as winning the ICC Men’s Cricket World Cup and the same for T20 World Cups and U19s too,” ICC Chair Greg Barclay was quoted as saying in a statement released by ICC. “Cricket is genuinely a sport for all and this decision from the ICC Board reinforces that and enables us to celebrate and value every single player’s contribution to the game equally,” he added. The ICC Board also confirmed the largest ever investment into the sport after the distribution model for the next four years was agreed upon. Every ICC Member will receive significantly enhanced funding with a strategic investment fund ring-fenced to drive global growth initiatives in line with the ICC Global Growth Strategy. “The champions and runners-up of the ICC Women’s T20 World Cup 2020 and 2023 won USD 1 million and USD 500,000, respectively, a fivefold increase over the sum awarded in 2018,” ICC statement further reads. “The prize money for the ICC Women’s Cricket World Cup 2022 has been increased to USD 3.5 million, up from USD 2 million for winning the 2017 edition in England,” it aded. The Chief Executives’ Committee has approved changes to Test cricket’s over-rate fines in order to achieve a balance between the necessity of preserving over-rates and providing equitable compensation for players.