BCCI to spend 70 crores to former players

Chennai: Around 160 domestic and international cricketers who have retired before 2003-04 will be awarded cash bonanza as part of the BCCI`s one-time benefit scheme from the IPL surplus money, a gesture which would cost the Board a whopping Rs 70 crores. "From the surplus of IPL, BCCI will make a one-time benefit payment to […]

Chennai: Around 160 domestic and international cricketers who have retired before 2003-04 will be awarded cash bonanza as part of the BCCI`s one-time benefit scheme from the IPL surplus money, a gesture which would cost the Board a whopping Rs 70 crores.

"From the surplus of IPL, BCCI will make a one-time benefit payment to cricketers who have retired before 2003-04 in recognition of their services to Indian Cricket, in both International and Domestic levels," the Board said in a release after the Working Committee meeting here. "Around 160 cricketers are eligible for this payment. The total payment is approximately Rs 70 crores," it said.