BCCI’s emergent apex council meeting on Monday also discussed edtech major Byju’s request to encash its bank guarantee worth ₹140 crore to honour its sponsorship commitment and allow it to pay the remaining ₹160 crore in instalments.
India vs South Africa series, which was postponed in 2020 due to the Covid-19 pandemic, took place last year.
The six-match series involving three ODIs and three T20Is was played between September 28 and October 11, 2022.
BCCI wants Disney Star to pay ₹78.9 crore per match for the series while the broadcaster insists that the media rights fee should be charged at ₹46.5 crore per match since the series was originally planned for 2020.
As per the five-year media rights agreement between Disney Star and the BCCI starting 2018, there is an escalation every year in the fee.
In 2020, the broadcaster paid BCCI at the rate of ₹46.5 crore per match.
The rate for the final year of the agreement stood at ₹78.9 crore.
The original five-year agreement was valued at ₹6,138 crore. As per the revised calendar, the media rights fee jumped to ₹6,277 crore.
BCCI’s apex council also discussed Byju’s request to walk out of its jersey sponsorship deal for the Indian cricket team, which was to run till 2023 end.
The board has requested the company to continue as the sponsor till March 2023.