"We have talked to the players and when they return home this matter will be finalized. But I am hopeful everything will be worked out amicably," Najam Sethi (Getty Images)
Karachi: Pakistani cricketers are expected to get handsome pay hikes in their new central contracts, a Pakistan Cricket Board official said.
The official, who declined to be named, told PTI that under the new payment formula, prepared by the financial experts of the board, the players who get category A central contracts will be paid a monthly salary of Rs 500,000 while those in B category will get around Rs 375,000.
The salaries are paid besides the match and tour fees given to players.
"But while the board will raise the monthly salaries in all categories of the contracts some clauses relating to bonus payments are going to be abolished from the contracts," the official said.
The PCB official said presently players in the A category get Rs 360,000, those in category B are paid Rs 250,000 and the ones in category C are given around Rs 144,000.
"They will get substantial increases in their monthly salaries and also a percentage increase in their match fees but the financial experts have proposed abolishing the bonus payment system for victories or individual performances like hundreds, five wickets or catches."
Till recently players were awarded special bonuses for wins and top individual performances.
According to sources, the PCB has delayed announcing the central contracted players this year due to the uncertainty in the board leadership and also because of the proposed changes in the payments system.
Another official said the new contracts would be named as soon as the national team returns from Bangladesh and those would be for six month period until June.
"But from July onwards they will get one year contracts under the new terms."
PCB Chairman, Najam Sethi said: "We have talked to the players and when they return home this matter will be finalized. But I am hopeful everything will be worked out amicably," he said.
Last year, there was some dispute between the board and senior players who wanted a bigger pay raise and other benefits given to them.