The choice was settled during the three-day ICC Annual Meeting, which finished on Thursday and was held in Durban, South Africa. This is a big step toward the ICC’s goal of prize money parity by 2030, which is earlier than the original target date.
Now, teams will be awarded the same amount of prize money for winning a game at such tournaments. As well as for placing in similar positions in similar competitions.
Discussing the historic moment, ICC Chairman Greg Barclay stated,
“This is a significant moment in the history of our sport, and I am delighted that men’s and women’s cricketers competing at ICC global events will now be rewarded equally.”
JUST IN: Equal prize money announced for men’s and women’s teams at ICC events.
— ICC (@ICC) July 13, 2023
He further added,
“Cricket is genuinely a sport for all, and this decision from the ICC Board reinforces that and enables us to celebrate and value every single player’s contribution to the game equally,”
The champions and runners-up of the ICC Women’s T20 World Cup 2020 and 2023 were awarded $1 million and $500,000, respectively. This was five times greater than the money awarded in 2018.
The monetary award for the ICC Women’s Cricket World Cup 2022 was increased to $3.5 million, up from $2 million for winning the 2017 edition in England. This decision will be a positive step toward salary equality. But the wage disparity among men’s and women’s cricketers stays large.