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Sport

Players reach agreement with Cricket Australia on revenue projection

Cricket Australia and the Australian Cricketers' Association have reached an agreement over a contentious revenue forecast model that threatened to further strain the relationship between the players and governing body.

Last month, the Australian Cricketers Association (ACA) rejected forecasts from Cricket Australia (CA) that the game was set to lose hundreds of millions of dollars as a result of the coronavirus pandemic.

It cited a lack of confidence in CA's figures, saying the forecasts "do not appear to be reasonable or consistent with an obligation of good faith".

That led the ACA to issue a notice of dispute with CA, which has now been withdrawn.

"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," a statement from CA read.

"The [revenue projection] will be reassessed in due course."

CA thanked the ACA for the "constructive manner" in the way they approached discussions in a "challenging time for the game".

The ACA welcomed what it described as a "reset" of the revenue forecast made in June by Cricket Australia (CA).

ACA chief executive Alistair Nicholson said, "this 'reset' is both welcome and sensible".

CA said that calculating revenue projections during the 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".

So far, the only two tours impacted by the coronavirus shutdown involving Australia have been a two-Test tour of Bangladesh and a limited overs visit to Australia from Zimbabwe.

The lucrative four-Test series against India scheduled for this summer is still expected to go ahead.

Former CA chief executive Kevin Roberts, who resigned from his position in June, said in May that the chances of India touring were "9 out of 10".

In April, Cricket Australia stood down 200 staff on 20 per cent pay, before cutting 40 last month to "partly mitigate" the effect of coronavirus on the board's finances.

Cricket Australia also asked the states to take a 25 per cent cut in grants, but NSW Cricket chairman John Knox has confirmed his state has "no intention" of making cuts to staff.

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