IPL 2020: Franchise Owners To Question BCCI About Prize Money Slash
Published - 06 Mar 2020, 05:09 PM | Updated - 23 Aug 2024, 04:42 AM
The playoff prize money slash came as a major shock for the eight participating franchises in the Indian Premier League (IPL). According to a report in IANS, Delhi Capitals proposed the idea of writing the letter to the national cricket board, to which all the franchises agreed.
IPL winners, from this edition, will get Rs. 10 crore as the prize money from having received Rs. 20 crore last year. The runner-up will fetch Rs. 6.25 crore and the third and fourth place will get Rs. 4.375 crore each.
The letter to have signature of all franchise owners: Report
If the sources are to be believed, IANS reported that, the letter should reach to the BCCI president with 24 hours. The report also said that most of the discussion took place over phone and messages.
“While Delhi Capitals did start discussions, it is a decision that was reached upon after all the eight franchises agreed to it. The letter that is set to be sent to the board president will have the signature of the owners of all the eight teams. The major concern is cutting down on the prize money by 50 percent.
“Moreover, we were not even kept in the loop. It has come to a scenario where we get to know of things from the media. Even in case of the All-Stars Game that was being planned, we were the last to come to know of it. This is not how it works,” the source told IANS.
“It is ready and should reach the president in the next 24 hours maximum. After the six franchises agreed to it, Mumbai Indians and Chennai Super Kings were brought into the picture and they agreed to it. Discussions were held mostly over calls and messages as it was impossible to get all the owners together in such a short span of time.”
Had increased money to help franchises: Brijesh Patel
The IPL chairman Brijesh Patel has asserted that the move does not comes as a part of cost-cutting. In 2013-14, the BCCI had agreed to increase the money to help the franchises, but it was not a part of the original contract.
“It’s not cost-cutting. In 2013-14, to help the franchises, we had agreed to increase the money, but it was not part of the original contract,” IPL chairman Brijesh Patel told Hindustan Times on Wednesday.
