HomeCricketIPL"IPL prize money slashed fifty percent" BCCI president Ganguly Announced

“IPL prize money slashed fifty percent” BCCI president Ganguly Announced

The BCCI announced the new prize money and other cost cutting details for the upcoming IPL 2020.

Previous year prize amount

The winner of the Indian Premier League (IPL) will get a prize money of Rs 20 crore. As per the norm, 50 per cent of the prize money will go to the franchise with the rest being distributed among the players. The runner-up will receive Rs 12.5 crore. The sides finishing third and fourth receive Rs 8.75 crore.

Updated prize amount

A circular sent out by the BCCI states that the winner of the IPL 2020 final will get Rs 10 cr, the runner-up will receive Rs 6.25 cr, and the third and the fourth-placed teams (loser of qualifier 2 playoff match & loser of the eliminator play-off match respectively) will receive Rs. 4.375 cr each. The board has proposed a close to 50 per cent reduction in the playoff standing fund for 2020, a decision that is being hotly debated by the franchises right now. 

IPL trophy
IPL trophy

“The financial rewards have been reworked as a part of the cost-cutting measures,” the BCCI said in a circular sent to the franchises.

“The franchises are all in good health. They also have multiple ways like sponsorships to bolster their income. Hence the decision on prize money taken,” the Press Trust of India quoted a senior BCCI source as saying.

Hike in venue agreement

Previously franchises have to pay 30 lakh to host each IPL match to the respective state associations. That cost have been revised and increased to 50 lakh, means franchises have to pay 50 lakh to host the match.

Under the same agreement, the BCCI pays the state association the same money per match as the franchises. “That means, state associations will now earn Rs 1 cr per IPL match,” sources added.

Restrictions lifted- Players

“Only players who have played in less than two complete matches in the playing XI or as a concussion replacement during the season may be subject to a player loan. The loan window will start at 9am on the day following the 28th match scheduled for the season or once all the teams have played 7 matches each, whichever is later,” the BCCI has conveyed to the franchises. In IPL 2019, only uncapped Indian players could be loaned from one franchise to another during the season.

Auto no-ball introduced in IPL

After the successful implementation of pink ball test match, BCCI president Ganguly introduced Auto no-ball in IPL 2020. The BCCI introduce a new protocol for front/back foot auto no balls from this IPL. “In summary, the third umpire will take on responsibility for monitoring front / back foot no-balls,” the circular said.

Travel cost cutting

In a bid to further reduce costs, the BCCI has put new travel policies in place for its staff going forward. As against the earlier rule where more than three hours of flying time would make way for a business-class ticket for senior employees, they will now have to fly economy if the flying hours are less than eight. “Barring two or three senior-most employees, the rule will apply to all, including operational heads,” say those in the know.

Coronavirus threat 

With few weeks away from Indian Premier League, out break of coronavirus in India threatens IPL fans. Indian Premier League has been set to begin from March 29 with an opening clash between Chennai Super Kings and Mumbai Indians. Ganguly’s statement on IPL postpone issues due to coronavirus.

IPL fans start to get confused regards the postpone of the IPL series, as IPL match fixtures has been announced earlier. Regards this threat BCCI President Sourav Ganguly claims that “there is no threat to the Indian Premier League due to the novel coronavirus outbreak”.

Asked whether there is any threat to IPL due to coronavirus, Patel said, “There is no threat as of now and we are keeping a tab (on the situation).”


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