Everything You Should Now About IPL

IPL

Introduction of Indian Premier League (IPL)

Indian Premier League (IPL) is a men’s T20 cricket league that was founded by the Board of control for cricket (BCCI) in India in 2007 Contested by teams based out of different Indian cities, it is usually held between March to May of every year.

Indian Premier League is not only the most famous cricket league but it was ranked the sixth position by average attendance among all sports leagues, the IPL 2020 season set a massive viewership record with 31.57 million average impressions and overall consumption was increased by 23 percent from the 2019 season the brand value of IPL in 2019 was 6.3 billion USD (RS 47,500 Crore)

The Background Indian Premier League (IPL)

In 2007 Indian Cricket League was founded which was sponsored by Zee Entertainment Enterprises It was not recognized by the Board of Control for Cricket in India (BCCI) or by the International Cricket Council (ICC)  and the BCCI were not pleased by the players joining this unrecognized league.

To prevent players from joining this league BCCI decided to increase the prize money in their domestic tournaments and ICL was considered as a rebel league by the BCCI, it was announced that there will be a lifetime ban on players who will join this league.

Foundation of Indian Premier League (IPL)

After India’s victory at the 2007 Men’s T20 World Cup BCCI announced to organize a franchise-based T20 cricket tournament which was known as the Indian Premier League and included 8 teams based on the different cities of the country.

The first season was scheduled to start in April 2008, Lalit Modi lead a high-profile ceremony of IPL in Delhi and announced the details of the tournament including its formats, Prize money, franchise revenue model, and squad composition rules.

It was also disclosed that the IPL would be managed by a seven-men governing council composed of former Indian Cricketers and BCCI officials it was also announced that the top two teams will be qualified for that year’s Champions League T20.

In order to decide the owners for the new league, an auction was conducted on 24 January 2008 with the total base prices of 400 million USD. The winning bidders were announced at the end of the auction and the cities that the teams will be based on were also announced.

DLF then India’s largest real estate firm won the title sponsorship and signed a contract for 4 years with BCCI by making a bid of Rs 40 crore.

List of Franchises that were part of IPL 2008 (First season)

Royal Challengers Bangalore

Chennai Super Kings

Deccan Chargers

Delhi Daredevils

Kings XI Punjab

Kolkata Knight Riders

Mumbai Indians

Rajasthan Royals

Format of Indian Premier League

The league’s format is similar to the Premier League of England and the NBA this format is popularly known as round-robin format. Each team plays each other twice in a home-and-away at the end of the league stage the top four teams will be qualified for the playoffs.

The top two teams from the league stage will play against each other in the first qualifying match the winner of the match will go straight to the final match of the season whereas the losing team will get another chance to qualify for the season finals by playing the second qualifying match.

The third and fourth place teams of the league stage will play against each other in an eliminator match the loser of the match will be out of the tournament and the winner from the match will play with the loser from the first qualifying match and the winner of this match will go forward to play the Final match with the winner of the first qualifying match and the winner of the final match will be crowned as the Indian Premier League Champions.

Player Acquisition, Squad Composition, and Payment of Salaries

There are three ways to Player Acquisition

  1. The annual player auction
  2. Trading players with other teams during trade windows.
  3. Signing replacements for unavailable players.
  1. The annual player auction: in this method players enroll themselves and set their base price and are bought by the franchise with the highest bid and the unsold players are eligible to be enrolled for replacement signings.
  2. Trading players with other teams during trade windows: in this method a player can be bought or sold to other teams, a player can only be traded with his consent.

If the new contract is worth more than the old contract then the buying franchise has to pay the difference amount between the old contract and the new contract and this amount will be shared between the old franchise and the player.

There are generally 3 trading windows two are before the auction and one is after the auction but before the tournament starts players have to be traded inside the trading windows and players cannot be traded during the tournament.

  1. Signing replacements for unavailable players: a franchise can replace a player for unavailable players the unsold players in the annual auction are eligible to be replaced, replacements can be signed before or during the tournament.

 

Some of the Squad Composition rules (as of 2020 season) are as follows:

  1. The strength of a squad should be between 18 to 25 players, with a maximum of 8 overseas players.
  2. A salary cap of the entire squad must not exceed more than Rs 85 crore (11 million USD)
  3. Teams cannot pick under-19 players unless they have previously played first-class or list a cricket
  4. A team can only 4 overseas players in their playing eleven.

A term of a player contract is for one year and the franchise will have an option to extend the contract for one or two years.

Payment of Salaries is denominated in Indian rupees before 2014 season it was paid in U.S. dollars overseas players can be paid in the currency of the player’s choice at the exchange rate on either the signing day of contract or the actual day of payment

 

Retention and Auction of players in Indian Premier League

The teams that were part of the previous IPL season will be asked to retain a maximum of four players and release the rest of the players for the auction

Rules and regulations for retentions:

  1. A franchise retains four players, then player 1 will cost Rs 16 crore, player 2 will cost Rs 12 crore, player 3 will cost Rs 8 crore and player 4 will cost Rs 6 crore, and a total amount of Rs 42 crores will be deducted from the purse
  2. If a franchise retains three players, then player 1 will cost Rs 15 crore, player 2 will cost Rs 11 crore, and player 3 will cost Rs 7 Crore and a total of 33 crores will be deducted from the purse value.
  3. The franchise retains two players, then player 1 will cost Rs 14 crore and player 2 will cost 10 crores and a total of 24 crores will be deducted from the purse value.
  4. If the franchise retains one player, then it will cost Rs 14 crore, and of course, it will be deducted from the purse value.

Apart from retained players, the reaming players will be released by their respective franchise and they will set their base price for annual auctions and sign the contract with the highest bidding franchise.

Before IPL 2014 season Indian domestic players were not included in the auction pool and were able to sign up by the franchise at an agreed amount and the sum of Rs 10 lakhs (13,000 USD) to Rs 30 lakhs (40,000 USD) per signing will be deducted from the franchise purse.

IPL Committee got complaints from other opposition franchises that the richer franchises were buying players with under-the-table deals so the IPL committee decided to include domestic players in the player auction pool.

Match rules of Indian Premier League

IPL Matches use television timeouts and there is no time limit in which the teams should complete their innings. But there is a penalty imposed by the umpires if they find that teams are misusing this privilege.

Each team will be given 90 seconds of strategic timeout during each innings one by the bowling team that is between the ends of the 6th and 9th overs, and another one is from the batting team that is between the ends of 13th to 16th overs.

Umpire Decision Review System (DRS) was introduced in the 2018 season and is being used in all IPL matches according to this each team gets one chance to review an on-field umpire’s decision per innings.

Prize money for the Winners and Runners of the IPL season

The winners of the IPL season will get prize money. IPL 2022 season winners got prize money of Rs 20 crore and the runners-up got prize money of Rs 12.50 crore, half of the price money will go to the franchise and the other half will be equally divided among the players.

List of other prize money at the end of IPL season:

Orange Cap: Rs 10 lakhs

Purple Cap: Rs 10 lakhs

Perfect Catch of the Season: Rs 10 lakhs

Super Striker of the Season: Rs 10 lakhs

Game Changer of the Season: Rs 10 lakhs

Most sixes: Rs 10 lakhs

Power Player of the Season: Rs 10 lakhs

Valuable of the Season: Rs 10 lakhs

Conclusion

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