Thursday 13 December 2018 ,
Thursday 13 December 2018 ,
Latest News
  • EC to sit Thursday for finalising security measures for polls
  • Oikyafront wants PM’s 2-term limit
  • Detect conspiracy behind violence: CEC
  • Every vote counts, says Hasina
  • HC stays EC's decision on BNP candidate
  • AL to win 168 to 220 seats: Joy
  • Facebook among firms named on Myanmar human rights 'dirty list'
7 December, 2017 03:27:45 PM
Print

IPL spend could hit $96mn as wage cap rises 20%

Independent Online Desk
IPL spend could hit $96mn as wage cap rises 20%

The Indian Premier League, one of the world's richest sports competitions, will let teams splurge up to $12 million each on player salaries in 2018, an increase of 20 percent.

After a meeting in New Delhi on Wednesday, the IPL governing council also said teams will have to spend a minimum of 75 percent of the salary cap each season.

The decision means the eight IPL teams are likely to spend anywhere between $72 million and $96 million on players alone for just eight weeks of cricketing action in 2018.

"Whatever changes we have come up with are all in the interest of the players," IPL chairman Rajeev Shukla told AFP.

"We are also looking to increase the prize money for the players in future."

While most of India's big name players are already attached to franchises, several players bagged lucrative deals in the IPL auction in February.

England all-rounder Ben Stokes set a new record for a foreigner by joining the Rising Pune Supergiants for more than $2 million.

England pace bowler Tymal Mills went to the Royal Challengers Bangalore for $1.8 million, even though he had only played four Twenty20 internationals before that.

The attractions of last-ball winning sixes, extravagant switch-hitting and rapid-fire centuries have made IPL a favourite of the masses, especially the younger generation.

The IPL's 60 games are valued at roughly $8.5 million each, not far off the estimated $9.6 million per English Premier League match -- and well over the $6.2 million price tag attached to home internationals in India.AFP.

KK

Comments

Poll
Today's Question »
Do you think that the restriction on using licenced firearms until December 30 by home ministry will have any positive impacts on the upcoming national polls?
 Yes
 No
 No Comment
Yes 17.6%
No 64.7%
No Comment 17.6%
Video

Copyright © All right reserved.

Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Disclaimer & Privacy Policy
....................................................
About Us
....................................................
Contact Us
....................................................
Advertisement
....................................................
Subscription

Powered by : Frog Hosting