MS Dhoni and Rohit Sharma with the IPL trophy (Credits: Twitter)

Last Update on: February 19th, 2020 at 01:40 pm

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Ever since the Pakistan Super League (PSL) started, its fans have not shied away from comparing it to the Indian Premier League (IPL) which is arguably the biggest T20 tournament in the world. No T20 tournament in the world comes close to the IPL when it comes to the star power and the huge money involved with it.

But then again, Pakistani fans have never shied away from calling PSL the best in the world for various aspect. But one aspect in which IPL is way bigger than PSL is the money involved. Recently, the prize money for the upcoming season of PSL was announced.

The tournament, which gets underway on February 20, will carry a total prize money of $1 million. The winners of the tournament will collect a cheque of $500,000 while the runner-up will receive a cheque of $200,000. In addition to the above, there will be a number of other cash awards, including $4,500 each to all the 34 player of the matches.

Furthermore, $80, 000 will be equally distributed to player of the tournament, best batsman, best bowler and spirit of cricket award winner. The remaining amount will be distributed for other match-related awards like best catch, best run-out and most sixes.

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Quetta Gladiators with the PSL 2019 trophy. Credit: Twitter

Prize money in IPL:

Well, the prize money that was on offer in the last edition of the IPL was way more than what Pakistan Cricket Board will spend this year. While the winner of the upcoming PSL will get $500,000 which is roughly around 3.5 crore in INR, the winner of the IPL last year received a whopping amount of INR 20 crore.

On the other hand, the runners up received an amount of INR 12.5 crore. Apart from those two, there were several other prizes as well. The Emerging player award winner got INR 10 lakh.

The winners of the Orange Cap (most runs in the season) and Purple Cap (most wickets in the season) received Rs 10 lakh each as well. The most valuable player of the season award-winner also got INR 10 lakh. There were also prize money for the catch of the season, stylish player of the season and game changer of the season.

Overall, a total of INR 34 crore was spent on prize money in the last IPL which is more than $4.7 million, way more than what PSL has to offer.