The Nike logo won’t appear in the Indian cricket team’s jersey anymore as the BCCI on Monday (November 2) roped in MPL as the new kit sponsor.

The deal is from November 2020 till December 2023 and will see the board earn Rs 65 lakh per game over the three-year period.

"Yes, we have signed a deal with MPL that is effective from November 2020 till December 2023. The kit sponsorship amount is Rs 65 lakh per match while merchandising is Rs 3 crore per year for the three year period. With that royalty will be 10 per cent of net sales per season," an Apex Council member of the board told ANI.

It was being reported for quite some time that Nike wasn’t pleased with the existing deal amid the ongoing pandemic and wanted a deduction.

India's first assignment in the post COVID-19 era will be the Australia tour, which gets underway on November 27 with the first ODI at the Sydney Cricket Ground.

Virat Kohli and company will play three ODIs, three T20Is and four Tests during the tour Down Under, which runs till January 19, 2021.

(With ANI inputs)