The West Indies Cricket Board (WICB) has signed off a 20-year deal with Verus International to take charge of the Caribbean Premier League with an option to renew for another 30 years–leading to a possible 50-year association for the tournament.
According to a top board official: "The licence for the first part is for 20 years and then there is the option to renew this for another 30 years which makes it a possible 50-year association."
The WICB stands to gain US$1.5m per year from the owners of the tournament Verus International as licence fees. This money will be used to put more players across the region on retainer contracts.
The WICB's last stand with the regional T20 tournament was in January this year. T&T won that tournament and will be representing the West Indies at the Champions League tournament in September this year.
A total of 90 players will be contracted to play in the CPL. Each of the six franchise teams will be comprised of 15 players. All teams are required to have a minimum number of local players from their particular franchise country. At least four of them must be under the age of 23, and teams can also field a maximum of four international players. The remainder of the team must consist of regional and/or local players.
So far the organisers have contracted six regional T20 legends in Dwayne Bravo, Kieron Pollard, Sunil Narine, Chris Gayle, Marlon Samuels and Darren Sammy and they have been spread across the six teams.
In addition to them, they have so far contracted international players Ricky Ponting, Adam Gilchrist, Mohammed Hafeez, Ross Taylor and Hershelle Gibbs. The main draft for tournament takes place on May 24.
Meanwhile, the CPL has signed global telecommunications company and long-term West Indies Cricket sponsor Digicel as a major sponsor of the tournament.
Digicel has been the main sponsor of West Indies Cricket since 2004. Since that time, the company has proven its worth as a marketing leader in the region–something the CPL appreciates will bring great value to the tournament. The sponsorship will be a multi-year deal and represents a significant investment from Digicel.
