IPL 2020: Prize money for champion, runner-up, and playoff qualifiers halved

[MenInG]

The Board of Control for Cricket in India (BCCI) has decided to implement strict cost-cutting measures which includes the Indian Premier League (IPL) champion's prize money being halved as compared to that of 2019.

In a circular sent to all the IPL franchises, the BCCI has notified that instead of a whopping ₹20 crore, the champion will now receive only ₹10 crore.

“The financial rewards have been reworked as a part of the cost-cutting measures. The champions will get ₹10 crore instead of ₹20 crore. The runners-up will get ₹6.25 crore instead of ₹12.5 crore,” a BCCI notification, in possession of PTI, read.

The two losing qualifiers will now get ₹4.375 crore each.

“The franchises are all in good health. They also have multiple ways like sponsorships to bolster their income. Hence the decision on prize money was taken,” a senior BCCI source said.

However, a state association hosting IPL games will get ₹1 crore, with franchises and BCCI contributing ₹50 lakh each.

It has also been learnt that mid-level BCCI employees won’t be allowed to avail business-class flights like earlier times for flying to the Asian countries (Sri Lanka, Bangladesh, UAE) where the flying time is less than eight hours.

https://sportstar.thehindu.com/cric...er-up-qualifiers-playoffs/article30979033.ece

 

[The cricket enthusiast]

oopsy... seems like with downfall of kohli
now downfall of ipl has started..

 

[shamaan]

What does the psl winners get is it less than the winners of ipl l

 

[King-Misbah]

With the Indian economy going down, I am not suprised with these measures. Things will only get worse with the nut cases in power.

 

[sindhiboy]

Shows how modi is ruining Indias economy. Even more than Imran khan

 

[MenInG]

The eight IPL franchises whose profits will be directly hit are not impressed with the cost-cutting measures taken by BCCI in the league. But the board maintains that it is only reversing some old decisions and scaling down costs. “It’s not cost-cutting. In 2013-14, to help the franchises, we had agreed to increase the money, but it was not part of the original contract,” IPL chairman Brijesh Patel told Hindustan Times on Wednesday.

In a circular sent last week to the franchises, BCCI proposed reducing the ‘playoff standing fund’ by half, from R50 crore. Effectively, IPL winners will get R10 crore, having received R20 crore last year. The runner-up will now receive R6.25 crore (down from R12.5 crore) and the third and the fourth placed teams will get R 4.375 crore each (R8.75 crore earlier).

A BCCI official clarified this would not affect the prize money players would make. “There are two components. One is the prize money that players get, which remains unaffected. Another is this fund, which we initiated for the franchises in 2013-14. Only that has been cut,” he said.

Defending the BCCI move, Patel said these are just prudent spending measures and should not be linked to economic slowdown. “In 2013, the franchises had requested saying they were not making money in IPL. So, BCCI thought we will also contribute so that player payments do not become an issue. Now, they are earning profits. It’s just loss in profit,” Patel said.

The other hit in earning that franchises will have to bear is the extra R20 lakh they have to pay as staging fee to the home association per game. The association would get R50 crore in all. The BCCI would also be paying the association R50 lakh, from R30 lakh earlier.

“The staging associations’ costs have gone up. Even BCCI is paying them more. For an international match, the association costs go over R1.5 crore. Here, they would now get R1 crore,” a BCCI official said.

The franchises are unhappy they are not kept in the loop. “None of these moves were discussed with us. We being stake-holders, BCCI should involve us before making these decisions,” a top franchise official said.

Some of them plan to write to BCCI. There has been no exchange of ideas, meet-and-greet between the franchises and this BCCI regime. “That’s been an old problem with BCCI, which leads to bad optics,” an insider said.

Earlier, in an IPL Governing Council meet, member and former India stumper Surinder Khanna had questioned retaining IMG’s R33.5 crore annual contract for managing the league. However, it is learnt since their contract runs till 2022, they would continue. A top official justified the decision to do away with the IPL opening ceremony, terming it ‘wasteful expenditure’.

https://www.hindustantimes.com/cric...ijesh-patel/story-uERumQv96XFXEa1ARAfDuN.html

 

[MenInG]

The eight franchises of the Indian Premier League (IPL) have decided to write a letter to the Board of Control for Cricket in India (BCCI) expressing reservations over the governing body’s unilateral decisions that will directly impact their earnings.

The BCCI reduced the ‘playoff standing fund’ of Rs50 crore to be distributed to the top four teams of the IPL 2020 by half. Also, the franchises would have to additionally pay Rs20 lakh per-match as venue staging fees to the state associations.

Speaking to the Hindustan Times, IPL chairman Brijesh Patel said these financial calls would only amount to ‘loss on profit’ for the franchises. But it has not gone down well with the franchises.

“The least they can do is to involve us in discussions before taking such decisions and sending across emails,” a leading franchise official said.

“It’s all right to say that ‘it’s just R20 lakh per match’. But for seven matches of the season, it amounts to R1.4 crore. It’s the BCCI, which is earning more than R2000 crores from the IPL, but the franchises are not even earning a fraction of that,” he added.

The problem, says another top boss of a franchise, is that the new BCCI regime is sending a wrong message that they are least concerned about the stakeholders. “Isn’t the BCCI getting too high-handed? Are they not, choosing a path of conflict, in the name of saving money? That’s the problem. We lost for the first ten years of IPL. They are forcing the franchises to come together and take a stand,” he said.

But the franchises are wary of inviting the wrath of the BCCI, and hence none of the top officials agreed to come on record. In 2019, a few franchises had come together for an informal meeting in England to explore ways of forming a union that would force the board to open a conversation window with them. The meeting did not bear any fruit.

This time, however, even those franchises which did not attend the England meet are willing to write to the BCCI. “No one wants to play a rebel at this stage. All said and done, these are elected BCCI office-bearers, and they would be running the show,” a third franchise official said.

“They may choose to justify the new costs that we would have to bear in the name of cost-cutting by calling it sundries but don’t forget, we have made all our budget allocations for this season. The additional cost would not hurt as much now, but tomorrow they might take another high-handed decision, if no one speaks now,” he added.

Almost all franchises agreed on one point, that the additional venue staging cost to be paid to the state associations is not justified. “Money is being given to the associations despite the fact that they don’t take any steps to improve the facilities at the stadiums. This move is basically to keep state units happy, in exchange of votes. All we get from associations is demand for more free tickets,” said one franchise head.

When presented with the BCCI’s argument that the cost-cutting isn’t affecting the players, a franchise official countered. “We are also for protecting player-interest. Isn’t it the franchises who pay the players in IPL? The salary cap for players has gone up from what was R20 crore to R85 crore. That cost is to be borne by the franchises,” said another official.

https://www.hindustantimes.com/cric...taging-fees/story-GUHkGlqR8UAwCakXBhRqdL.html

 

[MenInG]

BCCI’s decision to reduce the amount that the eight franchises would have received had met with opposition. The franchises have written to BCCI asking it to reconsider the move, but IPL chairman Brijesh Patel told HT: “The franchises’ views will be put up before the IPL Governing Council that will meet soon. Then we will decide. But it’s unlikely that we can have any change.”

Franchises of the four teams qualifying for the playoffs were being awarded from a ‘playoff standing fund’ of R50 crore, with the winners getting R20 crore. This prize fund has been halved by BCCI, which has argued that the franchises are now self-sufficient. “This fund was in place because the franchisees told us in 2013 that they were not making money in IPL. Now they are doing well. It’s just loss in profits (for them),” Patel said.

In the letter to BCCI, the franchises call the fund “a strong incentive for teams to continually improve the performance”. It adds: “We collectively believe rewinding that will be a step backward in the progress of the IPL.”

The other point of contention is the BCCI decision to raise the venue staging fee for franchises from R30 lakh to R50 lakh, payable to the associations that stage the matches. “The associations bring about no improvement in stadium facilities and want more money,” a franchise official told HT.

BCCI is not inclined to reconsider this move either. “It’s not just decided that the franchises have to pay the associations more, even BCCI is paying them more. The state unit’s expenses too have gone up,” Patel said.

However, some franchises are upbeat. They are hopeful as their presenting a collective view itself is a first and reflects strength, and feel some among the BCCI top brass could be considerate. “It’s important for BCCI to respect the franchises as stakeholders and give them their due. We will be watching BCCI’s response closely,” a top franchise official said.

https://www.hindustantimes.com/cric...s-ipl-chief/story-4x06ydP4tZCcDvw0jZLMJM.html