MELBOURNE: Australia Women is sete to earn a massive increase in salary caps by USD 53 million as per the new 5-year MOU, signed between Cricket Australia (CA) and the Australian Cricketers' Association (ACA) on Monday, April 3.

As per the the agreement, all professional players (men and women) would split USD 634 million over the following five years, which is a 26% increase over the previous arrangement.

Women's players will receive a share of USD 133 million (up from USD 80 million in the prior arrangement) while the value of their contracts with the Women's Big Bash League and the States has increased dramatically.

By the end of the MOU, the top CA-contracted women's earnings (including their WBBL contract, match fees, and marketing payments) would peak at more over USD 800,000 per year, while the minimum WBBL retainer instantly increases by 30%.

In accordance with the new agreement, the top female cricketer who holds a CA contract and a WBBL contract can now earn more than USD 800,000 per year for the next five (including their WBBL contract, match fees, and marketing payments), with the potential to surpass USD 1 million with additional earnings in the Women's Premier League (India) and The Hundred (UK).

Domestic players that compete in the WNCL (50 over) and WBBL (T20) formats and do not represent Australia may earn an average of USD 151,019 per year under the terms of the agreement (inclusive of match fees).

They are consequently by far the highest-paid female team athletes in Australia on average.

The average WBBL player retainer will increase from roughly USD 26,900 to close to USD 54,200, while the "total payment pool" for the WBBL has increased to more than USD 732,000 per team each year. Top WBBL players can now earn up to USD 133,000 (including superannuation). WBBL minimum retainer will increase by 30%.

"This MOU represents another significant step in the growth of women's cricket, and I am particularly pleased," CA Chief Executive Nick Hockley said. "There are significant increases in compensation for the inspirational role models of the world champion Australian Women's team and the WBBL who are driving substantial growth in female participation."

While the average retainer is worth USD 167,000 and the minimum contract increases by 20%, the top BBL players will earn about USD 420,000 per season.

In addition, he said, "we have also acknowledged the need to guarantee that the BBL remains highly competitive in a changing international cricket landscape and we're certain that this deal will assist maintain its place at the centre of the Australian summer."

The value of nationally contracted men's players will grow by 7.5 percent to an average of USD 951,000 plus match payments and superannuation payments, which is a significant gain for men's players as well.

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