State units to get Rs 30 crore each from BCCI for 2014-15

The BCCI has decided to share with its state units the money recovered from the settlement with broadcaster of the Champions League T20 for scrapping its deal with the board. This means each of the BCCI's state units will earn a little over Rs 30 crore (US$ 4.6 million approx) from the Indian board for the financial year 2014-15.

According to the annual accounts report that the working committee passed in Mumbai on Sunday, the BCCI recovered Rs 617 crore from Star India Pvt Ltd for scrapping the CLT20 broadcast deal. It was decided that half of the amount, Rs 308.5 crore, will be distributed equally among the 25 state units that receive annual benefits from the BCCI; the BCCI has 30 full members but Services, Railways, All India Universities, Cricket Club of India and National Cricket Club do not enjoy an annual grant.

So, each of the eligible members will earn Rs 12.34 crore out of the settlement, in addition to their share from the BCCI's broadcast deals for international cricket in India and the IPL.

The working committee was briefed that each member will get approximately Rs 9 crore out of the earnings on the broadcast deal for international cricket in India, and Rs 9 crore each from the IPL. The BCCI annually distributes 70% of its income through these two broadcast deals to its eligible members.

With India playing very little cricket at home over the last two years, the revenues have been hit. The share of the state associations is likely to double in the coming year, though, with India involved in multiple series at home.