IPL 2020: Playoff Price Slash Not Cost-Cutting, Asserts Chairman Brijesh Patel
Published - 05 Mar 2020, 12:05 PM | Updated - 23 Aug 2024, 12:04 AM
Board of Control For Cricket in India (BCCI), IPL’s parent body, has decided to slash the playoff purse by half from the upcoming season of the tournament.
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.
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.
Brijesh Patel defends BCCI move
Brijesh Patel, defending the move, said that these are measures taken to stop excess spending and should not be linked to economic slowdown.
“In 2013, the franchises had requested saying they were not making money in IPL. So, BCCI thought we will also contribute so that player payments do not become an issue. Now, they are earning profits. It’s just loss in profit,” Patel said.
According to the report in Hindustan Times, “the franchises will have to bear is the extra Rs.20 lakh they have to pay as staging fee to the home association per game. The association would get Rs.50 crore in all. The BCCI would also be paying the association Rs.50 lakh, from Rs.30 lakh earlier”.
“The staging associations’ costs have gone up. Even BCCI is paying them more. For an international match, the association costs go over R1.5 crore. Here, they would now get R1 crore,” a BCCI official said.
