For the first time, players will get 100 per cent of prize money; earlier, franchises kept 70 per cent and gave players 30 per cent
Mumbai Indians players and owner Nita Ambani pose with the Indian Premier League-10 trophy in Hyderabad last year. Pic/PTI
The 11th edition of the Indian Premier League (IPL), which will kick off on April 7, is going to be much bigger as far as players' prize money is concerned. For the first time in 11 years, the players' prize money will not be shared with the franchisee if their team finishes in the top four.
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For the first time in 11 years, the players' prize money will not be shared with the Indian Premier League franchisee if their team finishes in the top four. Also, for the first time, the top seven teams in the league standings will get rewarded instead of only the top four. Until last season, the franchisee-players prize money ratio was 70:30 for finishing in the top four. This time, the Board of Control for Cricket in India (BCCI) has decided to earmark 100 per cent prize money for the players, mid-day has learnt.
Virat Kohli
"100 per cent of the prize money will be distributed among the players. Their prize money will not be shared with the franchisee anymore," a source revealed. While the IPL has set R50 crore as the prize pool for the franchises, there is no clarity on the players' prize money pool so far, a franchisee official said. But it is expected to be equivalent to the franchisee prize money. The franchises hailed BCCI's decision to reward players of the top four teams in the league. "It is a fantastic decision. We are all for the players' benefit," a franchisee official said yesterday.
The team finishing on the top of the league will be rewarded Rs 8 crore, while second and third-placed teams will be richer by Rs 7.2 crore and Rs 6.4 crore respectively. This time, teams finishing fifth, sixth and seventh will also be rewarded — with R5.6 crore, Rs 4 crore and Rs 2.4 crore respectively, the source said.
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