The Caribbean Premier League (CPL) finals are coming back to Trinidad and Tobago for the next three years. The Ministry of Sport and Youth Affairs confirmed this in a media release on Friday night.
The release said, "...Cabinet agreed to Trinidad and Tobago’s hosting of the Caribbean Premier League (CPL T20) for the three year period of 2018- 2020."
The release went on to state, "Each year, cricket fans across the world will enjoy seven (7) games in this the most popular form of cricket today in Trinidad and Tobago. These games will comprise of five (5) preliminaries, one 1 semi-final and one (1) final."
Here is a breakdown of the financial package as released by the Ministry:
"The arrangements between the Government and CPL will see a financial outlay by the Government of Trinidad and Tobago of TT$ 6.7 dollars (US $1 million) for each year; half of the sum being paid to CPL in cash, while the other half will be in kind for local government services including the cost of the Brian Lara Stadium, ground transport, hotel, police and fire services with a TT$3.5M dollars cap. Government therefore, would have hosted four (4) CPL finals in the period 2017-2020 in Trinidad and Tobago for the price of TT$14M in cash, which is a significant savings when compared to the cost of the final game in 2015, which was TT$24 million. It is estimated that the 2017 CPL T20 realized TT$23 million in revenue for the country and garnered 37.6 million in viewership worldwide."