The Pakistan Cricket Board on Saturday dismissed reports claiming that members of Pakistan’s squad for the ICC Men’s T20 World Cup had been fined for failing to reach the semifinals of the tournament.PCB spokesperson Amir Mir rejected the reports circulating in sections of the media suggesting that financial penalties had been imposed on the players.

“No player has been fined but yes the board is thinking about working out a formula for players because they get lot of incentives when they perform well,” Mir told reporters here.Mir added that Pakistan players currently earn close to PKR 6–7 crore each, and the board is exploring ways to link accountability more closely with performance.“But nothing is final and no player has been fined,” he added.Some reports had claimed that every Pakistan player was fined PKR five million following the team’s exit from the global event without making the last four.Pakistan cricketers receive central contracts that include monthly retainers, along with match fees, tour payments and bonuses for victories in different formats.Apart from these earnings, players also receive a share from the logo sponsorship deals secured by the board.Last year, it was also agreed that the players would receive a three percent share of the annual revenue that the PCB earns from the International Cricket Council, which is estimated to be close to USD 34 million per year.