IPL players and teams earn a lot of money. In this article, we will take a look at how much prize money the players and teams earn from the IPL.
The introduction of the Indian Premier League in 2008 not only altered public opinion of the sport but also resulted in a notable shift in prize money.
In the first two editions, in 2008 and 2009, the winning team was given Rs 4.8 crore, while the runner-up received Rs 2.4 crore.
It was conceivably the biggest prize money in a cricket match back then. The Indian Premier League, with support from major corporations and DLF as its title sponsor, changed the scope of the game eventually.
Prize money for winner and runner-ups
With the most prize money—Rs 20 crore for the winning club and Rs 13 crore for the runner-up—the Indian Premier League (IPL) remains the greatest competition in the globe. The prize money has increased fourfold since the competition’s start, but the Board of Control for Cricket in India (BCCI) intends to raise it much more in the upcoming seasons—the exact amount has not yet been decided upon for this edition. The league has garnered millions of eyeballs thanks to all the controversies in the IPL as well as the multiple overseas stars who play in the cash-rich league.
However, as of right now, teams are competing for a total prize money of Rs 46.5 crore. The third-place team gets Rs 7 crore, and the fourth-place squad gets Rs 6.5 crore. This has been sustained for the past few seasons, and with time, the league’s individual prize money has increased, elevating its appeal further.
Orange Cap & Purple Cap winners
The winner of the Purple Cap, which goes to the bowler who claims the most wickets, also receives an equivalent amount of money. The batter with the most runs wins the Orange Cap and a monetary incentive of Rs 15 lakh.
The Most Valuable Player of the Season earns prize money of Rs 12 lakh, while the Emerging Player of the Tournament receives a cash incentive of Rs 20 lakh. Cash prizes of Rs 15 lakh, Rs 12 lakh, Power Player of the Season and Super Striker of the Season, are awarded for the remaining three categories. This version has six add-on prizes for every league game, each with a monetary payout of Rs 1 lakh, in addition to the player of the match.
Andre Russell who has the highest strike rate in the history of the competition has won the Super Striker of the match multiple times. Fans can put their trust in the Jamaican all-rounder to win the super striker of the season in the ongoing 17th season of the Indian Premier League. For sports enthusiasts eager to use their gaming skills at the right place, downloading the casino app in India could offer a lot of challenging options to choose from.
Break-up of the prize money
The winner’s prize money crossed the Rs 10 crore mark in 2010, and this pattern persisted until 2013. The runner-up received Rs 5 crore. In 2014, the prize money was increased to Rs 15 crore for the winner and Rs 10 crore for the runner-up.
The prize money returned to Rs 15 crore for the winner and Rs 10 crore for the runner-up in 2017, but for the 2018–2019 editions, it was again in the Rs 20 crore range for the winner and Rs 12.5 crore for the runner-up.
Owing to COVID-19, the winner of the 2020 competition took home Rs 10 crore, while the runner-up took home Rs 6.25 crore. However, the Board of Control for Cricket in India (BCCI) boosted the prize money for the runner-up to Rs 12.2 crore and awarded the champion Rs 20 crore in the 2021 edition.
The governing council upped the prize money for the runner-up to Rs 13 crore, but the winner’s prize money stayed at Rs 20 crore for the 2022–2023 edition.
Conclusion
The Indian Premier League (IPL) has transformed cricket worldwide in less than ten years, not just in India but in other leagues too. When it comes to prize money, the Indian Premier League (IPL) has lifted the bar every year since it began in 2008. Both champions and runners-up receive sizeable payouts. With a prize fund of an incredible Rs 46.5 crore, the Indian Premier League (IPL) is now the greatest cricket competition in the world, drawing players with large incentives and viewers with exciting matches. One thing is certain as the IPL develops further: its unmatched appeal and influence on the cricketing world goes higher.