Cricket insurance booms after players scramble to protect IPL riches

first_imgThe Spin: sign up and get our weekly cricket email. Twenty20 Overseas cricketers in the Indian Premier League have been scrambling to insure themselves for massive sums because the rewards are greater than ever. Share on Pinterest Since you’re here… Share on Twitter Topics “There has never been a better time to be a cricketer. A huge amount of money has come into the game but in 10 or 15 years’ time it will be like football. People will think: ‘I can’t believe they only earned $1m 15 years ago’ – when come 2030 it will be more like $4m-$5m.”This year’s IPL tournament, which includes England’s Johnny Bairstow and Sam Curran, will not be shown on Sky Sports after Star TV UK confirmed it had the rights. Fans can also watch the tournament via the Hotstar streaming service that costs £11.99 a month. Share on Messenger Sign up to the Spin – our weekly cricket round-up Cricket Reuse this content Support The Guardian IPL players earn more for one match than in any other sport in the world – with the recent global sports salary survey suggesting they receive a pro-rated £274,624 per game on average, far ahead of the NFL (£138,354) and the Premier League (£78,703).However, with players’ payments structured so they get 50% of their salary merely for showing up fit for the tournament, several players from England, South Africa and the West Indies have recently taken out personal insurance against injury in other matches that would jeopardised their IPL income.One company, Vantage Sports Finance, said that such insurance policies had mushroomed from one or two before the IPL last year to a “significant number”this year.“In the last month, our cricket business has underwritten more than 20% of the total value of all the overseas players’ contracts from England, West Indies and South Africa – a figure more than $4m,” said the chief executive of Vantage, Paddy O’Clery, adding that most players were not aware they could insure themselves this way until recently.“Players have become much more clever and informed,” O’Clery said. “They know that once you have been auctioned, you are entitled to half the fees for the tournament if you arrive fit and ready to play. And that if they injure their knee, say, during a Test or one-day series beforehand and aren’t able to play, they could easily forfeit a six or seven-figure sum.”Michael Vaughan, who is a nonexecutive director of Vantage and has been advising some cricketers on the issue, said players were only being sensible given some earned more in an eight-week stretch playing in the IPL compared to their income for the rest of the year. Share on WhatsApp Share on LinkedIn Share on Facebook Share via Email The former England captain said: “There is serious money to be made in IPL these days – not only through playing but with huge commercial contracts for those players who do well, so it’s only sensible to get insured.”Vaughan predicted that such insurance policies would become even more common as more players became cricketing free agents, focusing solely on the white-ball game. “It is fully justifiable to me,” he added. “I am a Test cricket diehard, I love the game and if you can play all three formats, great. But I wouldn’t blame players coming up if all they only focused on the shorter formats, because there are so many more opportunities out there.“These days I wouldn’t argue against any young kid who said: ‘I am just going to focus on the white-ball game.’”However, Vaughan insisted that he certainly didn’t think Test cricket was dead – yet. “I see it going from five days to four days to shorten it and make it a bit more impactful, and I am sure there will be more monetary rewards coming to Test cricket with the cricket championships starting in September,” he said. Read more … we have a small favour to ask. More people are reading and supporting The Guardian’s independent, investigative journalism than ever before. And unlike many new organisations, we have chosen an approach that allows us to keep our journalism accessible to all, regardless of where they live or what they can afford. But we need your ongoing support to keep working as we do.The Guardian will engage with the most critical issues of our time – from the escalating climate catastrophe to widespread inequality to the influence of big tech on our lives. At a time when factual information is a necessity, we believe that each of us, around the world, deserves access to accurate reporting with integrity at its heart.Our editorial independence means we set our own agenda and voice our own opinions. Guardian journalism is free from commercial and political bias and not influenced by billionaire owners or shareholders. This means we can give a voice to those less heard, explore where others turn away, and rigorously challenge those in power.We need your support to keep delivering quality journalism, to maintain our openness and to protect our precious independence. Every reader contribution, big or small, is so valuable. Support The Guardian from as little as $1 – and it only takes a minute. Thank you. news IPL Read more Shane Warne says revitalised Australia can pull off World Cup shocklast_img read more

Kenya Opens New Container Terminal in Mombasa

first_imgzoom The first phase of the new container terminal in Mombasa was inaugurated on September 3, Kenya’s President Uhuru Kenyatta informed via twitter.The terminal is expected to boost the the volume of cargo handled by East Africa’s port of Mombasa by 50 percent, according to Reuters.The construction project, which was launched in March 2012, has an estimated value of up to USD 300 million.Capable of handling some 550,000 TEUs, the new terminal is expected to push Mombasa’s annual cargo handling capacity from from 1.05 million TEUs to 1.6 million TEUs.Upon completion of the second phase of the terminal, scheduled to be finalized in five years, the terminal could increase its capacity to about 2.5 million TEUs.World Maritime News Stafflast_img

Volunteer Fire Chief Resigns After Labeling Steelers Tomlin With

Pittsburgh Steelers head coach Mike Tomlin talks on his headset during the first half of an NFL football game against the Chicago Bears, Sunday, Sept. 24, 2017, in Chicago. (AP Photo/Charles Rex Arbogast)PITTSBURGH (AP) — A Pittsburgh-area volunteer fire chief has lost his post after using a racial slur to describe Steelers coach Mike Tomlin.Paul Smith of the Muse fire company in Cecil Township wrote on Facebook that he added Tomlin to a list of “no-good” people he describes with the slur. Smith says he was upset that Tomlin had instructed his team to stay in a stadium tunnel instead of standing on the field for the national anthem ahead of Sunday’s game against the Chicago Bears.The Cecil Township Board of Supervisors says on its website Tuesday that Smith “is no longer the volunteer fire chief.”The Pittsburgh Post-Gazette reports (http://bit.ly/2hujHlO ) Smith resigned. He tells the newspaper he’s “not the racist the media portrays me as.”He adds he “posted in anger.” read more

Magic Johnson and Isiah Thomas Mend Relationship After DecadesLong

“Let me apologize to you. If I hurt you. That we haven’t been together.”#PlayersOnlyMonthly pic.twitter.com/nDpfDfZek8— NBA TV (@NBATV) December 20, 2017The 25-year-old feud between Hall of Famers Irvin “Magic” Johnson and Isiah Thomas has come to an end. The pair appeared on NBATV’s special, “Players Only Monthly” Tuesday, Dec. 19 and the reunion was an emotional one.Johnson and Thomas’ strife began after the 1988 and 1989 NBA Finals where the Los Angeles Lakers faced the Detroit Pistons. By the time the 1992 Olympic Games rolled around, things had truly fallen apart. Johnson admitted in the 2009 book, “When the Game Was Ours” that he helped keep Thomas off the legendary Dream Team. Why? He believed Thomas was instrumental in spreading rumors that Johnson’s was gay or bisexual.Today, things have changed and the two tearfully hugged it out on-air.“You are my brother,” Johnson says. “Let me apologize if I hurt you, that we haven’t been together and God is good to bring us back together.”News About Magic JohnsonMagic Johnson Praises LaVar Ball for Being Involved with Basketball Star SonsHow Did Samuel L. Jackson and Magic Johnson Get Mistaken for Italian Migrants?Magic Johnson Brings Smiles to Over 12,000 Michigan Residents with Clothes, Food and Other GiftsThe emotions were high both on screen and off, as viewers tweeted about how the reunion affected them.Magic Johnson and Isaiah ThomasI’m not crying … you’re crying 😢(H/T @NBATV) pic.twitter.com/aTaV32iIit— Troy Hughes™ (@TommySledge) December 20, 2017 Just saw the clip of @MagicJohnson & @iamisiahthomas WOW! Them BROTHERS NEEDED THAT MOMENT! Isiah told us stories. And he really missed having Magic in his life. So happy for them FOR REAL.— al harrington (@cheddahcheese7) December 20, 2017 This may be the Greatest NBA … NO let me rephrase, TV specials I’ve ever seen. In this crazy world, to see a relationship healed and to see a man say “I’m sorry”. The world needs more. Thank You @MagicJohnson and @isaiahthomas is for letting world see what’s possible.— Chris Tabb (@christabbshow) December 20, 2017Whew that Magic Johnson and Isaiah Thomas sit down interview where Magic apologized after all them years of not talking😩. Had my eyes sweating and that pollen floating around HEAVY after that😩— MSU 8-4 ~ CANES 10-2 (@heen_Doggish) December 20, 2017 seeing someone own up to their actions and just simply apologizing for doing what they did could really go a long way.— Brehanna Daniels (@Mindless_BMD) December 20, 2017Spots stars chimed in with their thoughts, too.Grown men stuff right here https://t.co/c3xZLCdeGD— DWade (@DwyaneWade) December 20, 2017 The Magic/Zeke interview on NBA TV was awesome..2 of my heros..When the game stops, we should all cherish the friendships that we built..forever..— Chauncey Billups (@1MrBigShot) December 20, 2017 read more

19yearold man hospitalized after falling off Ocean Beach pier

first_img Posted: January 12, 2018 January 12, 2018 KUSI Newsroom, 19-year-old man hospitalized after falling off Ocean Beach pier KUSI Newsroom SAN DIEGO (KUSI) — A 19-year-old man was rescued and hospitalized after he fell off the Ocean Beach pier overnight and lost consciousness in the cold ocean water, but his condition Friday was not known, authorities said.San Diego lifeguards were notified of the accident about 10:20 p.m. Thursday and were told the teen fell into the water from near the Ocean Beach Pier Cafe, San Diego Fire-Rescue Department spokeswoman Monica Munoz said.“Lifeguards responded and found the man face down in the water south of the cafe,” Munoz said. “He was rescued and CPR was performed in the rescue boat.”Lifeguards took the unconscious man to Lifeguard Headquarters in Mission Bay where an awaiting ambulance took him to UCSD Medical Center in Hillcrest, Munoz said. His condition was not immediately available this morning.Media at the scene reported the teen was not breathing when lifeguards pulled him onto the rescue boat. But he had apparently been successfully resuscitated by the time he was transferred to the ambulance.The man was reportedly sitting on the railing of the pier with a group of friends and his brother when he fell. Categories: Local San Diego News FacebookTwitterlast_img read more

Defense Bill Calls for DOD to Step up Support for Communities Grappling

first_img Dan Cohen AUTHOR DOD should expedite and streamline cleanups of sites with contaminated groundwater resulting from defense activities that are directly impacting civilian access to drinking water, according to a “sense of Congress” included in the conference report to the fiscal 2019 defense authorization bill. The provision, section 317, calls for the department and the military services “to reduce the financial burden on state and local government who are bearing significant costs of cleanup,” as well as to “continue to engage with and help allay local community concerns about the safety of the drinking water.”While addressing the presence of per- and polyfluoroalkyl substances (PFAS) in local drinking water supplies stemming from the military’s past use of firefighting foam has become a top environmental priority for DOD over the past several years, the language does not single out that class of contaminants. A separate provision of the conference report requires the department to outline its plans for cleaning up on- and off-base drinking water supplies contaminated with PFAS after the Environmental Protection Agency establishes a regulatory standard for those chemicals.Section 317 also calls for the department to “seek opportunities to accelerate environmental restoration efforts where feasible, to include programming additional resources for response actions, investing in technology solutions that may expedite response actions, improving contracting procedures, increasing contracting capacity, and seeking opportunities for partnerships and other cooperative approaches.” The conferees direct the assistant secretary of defense for energy, installations and environment to brief the House and Senate Armed Services committees on initiatives being pursued to accelerate environmental restoration efforts within 120 days after the bill is enacted. The briefing was included in the legislative language in the original House provision but the conferees moved it to the measure’s joint explanatory statement.Air Force photo by Airman 1st Class Caitlin Russelllast_img read more