Liddell power station, Power station in Muswellbrook, Australia

Sydney, July 4 Cricket Australia and the country's players' union have seemingly avoided a pay dispute after both parties decided to defer revenue predictions after the coronavirus pandemic. CA had previously planned to distribute a significantly reduced amount into the player payment pool that was negotiated with the Australian Cricketers' Association (ACA) as a fixed percentage of revenue under a Memorandum of Understanding signed in 2017."Cricket Australia and the Australian Cricketers' Association have today agreed a way forward on Australian Cricket's response to COVID-19," a CA spokesman said. "The parties have agreed to postpone the Australian Cricket Revenue projection until such time they are better able to assess the financial impact of the pandemic and calculate a clear projection for the year ahead."With today's agreement, the ACA has agreed to withdraw its notice of dispute lodged last month with CA. We would like to thank the ACA for the constructive manner in which they have engaged in discussions in what has been a challenging time for the game."In early June, CA had claimed that the projected revenue for the forthcoming summer would be halved because of the coronavirus pandemic. While the projection would not have affected the players' fees or retainers, it would have significantly reduced the amount passed to players as part of the "adjustment ledger" distributed annually to account for revenue above CA's 2017 projections."Today's agreement is a significant step forward in cricket's response to the challenges presented by the Covid-19 pandemic and should provide our stakeholders with renewed clarity and confidence about the summer ahead," the spokesman said."Calculating revenue projections 12 months ahead during a once-in-a-century pandemic has not been without its challenges, but we believe we have arrived at a position that provides all parties with greater certainty about how to navigate the next year."( With inputs from IANS )

Liddell Power StationFOLLOW

Liddell power station, Latest News

Former Australia spinner Brad Hogg has said that Virat Kohli can break Sachin Tendulkar's record of 100 international centuries. ...

Melbourne, July 5 Authorities in the Australian city of Melbourne on Sunday confined people living in nine housing ... ...

All flights under the Vande Bharat Mission scheduled for various destinations in Australia between July 4 to July 14 have been postponed because of restrictions imposed due to Covid-19. ...

New Delhi, July 5 Former Australia spinner Brad Hogg believes that current India skipper Virat Kohli can break ... ...

Sydney, July 5 Shane Warne and Steve Waugh were faces of the dominant Australian team of the late ... ...

Mumbai, July 4 Sledging Virat Kohli is a red zone for most teams as they look to avoid ... ...

Melbourne, July 4 The dog lover in Ricky Ponting has come to the fore as the former Australia ... ...

Sydney, July 4 Cricket Australia and the country's players' union have seemingly avoided a pay dispute after both ... ...