Australian cricket would be hit hard financially if next season's Test series against India was scrapped.

Australian cricket would be hit hard financially if next season's Test series against India was scrapped.Credit:AAP

But there could be pain ahead if the situation does not improve in time for next season. Australia is due to stage the men's Twenty20 World Cup in October and November before hosting India for four Tests and a one-day international series.

If those matches cannot be played,CA could lose about $300 million in TV revenue. CA has a six-year TV deal with Fox and Seven worth $1.182 billion while a separate deal with Sony Picture Networks India is believed to be worth about $80 million - $120 million for an Indian Test and ODI series,industry sources toldThe Sydney Morning HeraldandThe Age.

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Seasons involving India or England generate vast sums for CA. It smooths out fluctuations across a four-year cycle when smaller cricket nations tour. Unlike the NRL,CA has assets,including its head office in Melbourne.

The revenue-sharing model means cricketers will help absorb the financial hit,though money would first be taken from an adjustment ledger,and initiatives such as marketing funds,grassroots - which the players have contributed to - and professional development will be cut before players'retainers are reduced. The adjustment ledger covers revenue that exceeds estimations.

The ACA planned to write to players and members on Tuesday to reassure them the deal struck in 2017 had left the game well placed to cope with a significant financial downturn.

The ACA is urging CA to grant players clearance to take part in the IPL,which falls during their leave period. There are concerns from players CA may not issue No Obligations Certificates due to the pandemic.

Pat Cummins stands to earn more than $3 million in this year's event,while Steve Smith,David Warner and Glenn Maxwell have deals worth more than $2 million.

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CA is reviewing the issuing of NOCs. Its intention is not to withdraw them but make sure players are aware of issues such as the health risks associated with COVID-19 in certain regions of the world,access to medical care and re-entry to Australia.

"The ACA would be very surprised if Cricket Australia sought to revoke or deny any No Obligation Certificate (NOC) as they are contractually obliged to provide them if certain conditions are met – such as it being for an ICC-sanctioned competition,"ACA chief Alistair Nicholson said.

"The ACA is firmly of the view that each player is fundamentally capable and entitled to make their own decisions around what they do during their own leave.

"This includes being able to fulfil contracts they may have with overseas teams to play in international tournaments. We trust the players to seek their own assurances and abide by any Australian and international laws and regulations – including travel restrictions and conditions."

The Department of Foreign Affairs is advising Australians to reconsider their need for overseas travel. Anyone arriving in Australia will be made to self-isolate for two weeks,under measures announced by the government.

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