Breaking News

Cricplex IPL

IPL 2020 Prize Money To Be Reduced By 50 Per Cent

The Board of Control for Cricket in India (BCCI) is one of the richest cricketing board around the globe which is why its Indian Premier League (IPL) is also the most famous T20 league going across the world. With the aim of cost-cutting, 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 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.

"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 summary, the third umpire will take on responsibility for monitoring front / back foot no-balls," the circular stated.