Ahead of the IPL 2024 season, BCCI made a massive change in their salary structure for the uncapped Indian players. As per the new IPL rule, many Indian uncapped players will receive a hike in their salary for the upcoming IPL season.
Indian Players Salary Increased Based on New IPL Rule
BCCI introduced this new reward system on considering the benefits of the uncapped Indian players. As per the BCCI’s new plan, the uncapped Indians who play international cricket between IPLs will receive a hike in their IPL salary.
We have also listed the full set of IPL 2024 Rules in a separate article. Now, here we have listed the New IPL Rule that makes the hike in players’ salaries.
- BCCI introduced a change in the salary of the Uncapped Indian players. As per the BCCI’s new plan, the uncapped Indians who play international cricket between IPLs will receive a hike in their IPL salary.
- Prior to the start of any Season, the League Fee payable to any player who is uncapped is less than Rs. 50 Lakhs; and
- Such player is then capped or achieves 5 or 10 Caps at any time during the period from the end of one Season up to the start of the next Season.
- The League Fee payable to such Player for such next season and any subsequent season if such player’s contract is extended by the relevant franchise shall be Rs. 50 Lakhs for so long as such player has 1 Cap, Rs. 75 Lakhs for so long as such player has 5-9 Caps and Rs. 1 crore if the player has 10 Caps or more; and
- If such player is subsequently traded then prior to such trade his League Fee shall be deemed to be determined under paragraph (c) above.
- It is clarified that for the purposes of calculating the Salary Cap, if the player is traded, then any increase in a player’s League Fee will apply to the new franchise’s Salary Cap.
- However, if the player remains with the existing team, then such an increase will not affect the Franchisee’s Salary Cap and the Salary Cap will remain the same as it was before the increase in Player’s League Fee.
Following are the details of the players who are set to receive a hike in IPL salary ahead of the 2024 season:
- Rinku Singh 55 Lakhs to 1 Crore
- Sai Sudharsan 20 Lakhs to 50 Lakhs
- Rajat Patidar 20 Lakhs to 50 Lakhs
- Jitesh Sharma 20 Lakhs to 50 Lakhs
