We know as well as you that the business side of being a professional cricketer can be a complicated affair. Global opportunities now arise, in a manner that has dramatically changed. Understanding the evolution, and making the most of this new world from both a sporting and business potential is crucial for aspiring and current professionals alike 

The changing landscape of cricket

With an increasing number of overseas tournaments, and the ability for players to venture away from the traditional domestic contracts, the world of cricket has significantly changed. 

 In the old world, cricket players would have a contract with their county, and would often have to take a ‘regular’ job in the off-season where there was often no pay from your professional contract . Did you know that there are now 27 recognised T20 domestic tournaments in any calendar year, ranging from Nepal to Canada, and all the way to India? Shorter forms (for example, T10 or The Hundred) take this figure into the 30s; which means that cricket being a summer job is now one that the sun never sets upon 

These tournaments now offer players opportunities to play and be paid all year round, enabling them to earn multiple times the amount that they would in their traditional contracts.  

The dilemma of modern cricket careers

With the shift has come an interesting dilemma. Whilst, most certainly in the UK, the pinnacle of a cricket career is perceived to be playing test cricket in the longer, red ball 5-day format. However, from a purely mercenary perspective, there is a significant financial benefit to pursuing a white ball career, becoming a free agent and roaming the sunnier lands of the world playing franchise cricket.

With less pressure of training, travelling and a stacked summer of matches, players can earn significantly more in franchise cricket. It sounds quite appealing, doesn’t it?

Whilst at the moment, the allure of test cricket keeps our best players on the country and international circuit. However, an example of a player taking the ‘mercenary’ option is Jason Roy, who turned down an ECB central contract and declared himself available for the MLC in the United States.

The pressure of performance

This type of career does come with pressures. The IPL in India is by far the best paid, which is a jewel in the paymaster’s crown. Players are purchased in an auction, and competing franchises can get into bidding wars which then in turn, see your value as a player rise immeasurably if you have performed in the manner that’s required by the team. 

Many franchises recruit on a ‘Moneyball’ motif, so if your particular skill set is desirable (i.e. left-arm fast bowlers are always a decent cache), then your performances in other tournaments can significantly boost your financial standing. But of course, the opposite is also true if you’ve had a bad run of form in some of the other tournaments, and whilst you can run on 3-year contracts, most are shorter and your earnings can vary dramatically.

Financial planning and management

Given the pressure of performance-based earnings, it’s essential that players plan and manage their finances wisely.

Being sensible during the peak periods and conscious that there may be quiet ones, as well as ensuring your business affairs are poised to take advantage of the tax situations you may find yourself in, is wise. From helping you buy your first house overseas, to setting up an image company, or even starting up your own clothing brand; SportBox has the expertise to put your potential into reality. 

Becoming an elite cricketer can be tricky, but it’s not a journey you have to endure by yourself. At SportBox, we offer comprehensive financial and business support to help you with the complexities of your professional career. 

Contact us today to see how we can help you concentrate on what you do best.

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