New Zealand Cricket (NZC) on Thursday announced a new deal with the players' association that will see the cricketers receive 26.5 percent, a hike of approximately 16 percent, of the revenue generated in the next four years, starting August 1. According to the new master agreement, New Zealand's players are set to share $4.45 million (NZD 65.3m) over the four-year term from August 2018 - July 2022.

The new agreement also includes a slight change to the contracting process, with NZC's annual central contracts being reduced by one (from 21 to 20) and the number of annual domestic contracts for each major association increasing by one (from 15 to 16), a statement from NZC said.