The Dream11 Indian Premier League (IPL) 2020 is reaching its climax with only two matches away from producing a winner, but this year the prizes are much reduced due to the effects of the Covid-19 pandemic. The Board of Cricket Control of India (BCCI) decided to reduce the prize monies for IPL 2020. This year’s IPL winner will get 50% of the 2019 winner, Mumbai Indians.
In March BCCI implemented strict cost-cutting measures especially the IPL 2020 champions’ prize money. In a circular sent to all IPL franchises the board notified that instead of Rs 20 crore ($2m), the 2020 champion team will now receive Rs 10 crore ($1m) only, while the runners-up will get Rs 6.25 crore ($625k) instead of Rs 12.5 crore ($1.25m).
The two losing qualifiers will now get Rs 4.375 crore ($437,500) 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 told the Indian website InsideSport.
BCCI didn’t reveal the figures for the Orange Cap holders, the Purple Cap holders, the emerging players this year, but they were handsomely rewarded in 2019.
The Orange Cap winner (most runs) and the Purple Cap winner (most wickets) earned Rs 10 lakh each ($10k) last year.
Currently, Kings XI Punjab’s KL Rahul sits comfortably at top of the most runs list with 670 runs in his tally, while Mumbai Indians’ pace battery Jasprit Bumrah is leading the Purple Cap tally with 27 wickets to his name. However, DC’s Kagiso Rabada is just behind Bumrah having clinched 25 wickets so far.
The Emerging player and The Most Valuable Player of the season were both rewarded with Rs 10 lakh ($10k) last year.
John Stephenson
john@cricketinvestor.co.uk
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