BCCI has decided to implement strict cost cutting measures with the notable decision as IPL prize money reduced to half by BCCI as compared to 2019. While the prize money to be distributed among the top-four teams stays at Rs 50 crore, the play-off standing fund to be distributed among the franchisees has been slashed from Rs 50 crore to Rs 25 crore.
Indian Premier League Prize Money 2020
|3rd Place||$1.3 Million|
|4th Place||$1.3 Million|
|Other 4 Teams Share||N/A|
|Players Prize Money||50% Share From Winning Prize Money|
|Total Prize Money||$7.2 Million|
The BCCI has decided to implement strict cost cutting measures with the notable decision being IPL 2020 champions’ prize money will be reduced to half as compared to 2019. In a circular sent to all IPL franchises, the BCCI has notified that instead of a whopping Rs 20 crore, the IPL champion team will now receive Rs 10 crore only.
Economic slowdown seems to have hit the mighty Indian cricket board (BCCI) too. Never the kind to penny-pinch, especially after the birth of Indian Premier League, world cricket’s current 800-pound gorilla is now busy cutting costs on multiple fronts.
In a circular sent out to all the stakeholders of the IPL, including the eight franchises, the board has reiterated that it will not be hosting the opening ceremony of the IPL from this season on. The circular went on to add that the play-off standing IPL prize money reduced to half by BCCI.
“The financial rewards have been reworked as a part of the cost cutting measures. The champions will get Rs 10 crore instead of Rs 20 crore. The runners-up will get Rs 6.25 crore from earlier Rs 12.5 crore,” as per a BCCI notification. The two losing qualifiers will now get Rs 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 taken,” a senior BCCI source said.
However, a state association hosting IPL games will get Rs 1 crore each with franchises and BCCI contributing Rs 50 lakh each. So it led to IPL prize money reduced to half by BCCI i.e. 50% prize money of 2019 IPL.
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.
Venue Agreement Costs Hiked
The BCCI’s venue agreement dictated that franchises would have to pay their respective state associations Rs 30 lakh to host each IPL match. That fee has now been hiked by Rs 20 lakh and franchises will now have to pay Rs 50 lakh per game to the state association.
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.
Capped Players Can Be Loaned
In IPL 2019, only uncapped Indian players could be loaned from one franchise to another during the season. For 2020, this restriction has been lifted and overseas players and capped Indians can also be loaned. “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.
Auto No-ball To Come Into Effect
Following trials held in 2019 and a more comprehensive testing during the pink-ball Test in Kolkata recently, the BCCI is all set to 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.
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.