The eight IPL franchises whose earnings will probably be straight hit are not impressed with the associated fee-reducing measures taken by BCCI within the league. But the board maintains that it’s only reversing some previous selections and cutting down prices. “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 instructed Hindustan Times on Wednesday.
In a round despatched final week to the franchises, BCCI proposed decreasing the ‘playoff standing fund’ by half, from R50 crore. Effectively, IPL winners will get R10 crore, having obtained R20 crore final 12 months. The runner-up will now obtain R6.25 crore (down from R12.5 crore) and the third and the fourth positioned groups will get R 4.375 crore every (R8.75 crore earlier).
A BCCI official clarified this may not have an effect on the prize cash gamers would make. “There are two components. One is the prize money that players get, which remains unaffected. Another is this fund, which we initiated for the franchises in 2013-14. Only that has been cut,” he stated.
Defending the BCCI transfer, Patel stated these are simply prudent spending measures and may not be linked to financial 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 stated.
The different hit in incomes that franchises must bear is the additional R20 lakh they must pay as staging price to the house affiliation per recreation. The affiliation would get R50 crore in all. The BCCI would even be paying the affiliation R50 lakh, from R30 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 stated.
The franchises are sad they’re not stored within the loop. “None of these moves were discussed with us. We being stake-holders, BCCI should involve us before making these decisions,” a prime franchise official stated.
Some of them plan to put in writing to BCCI. There has been no trade of concepts, meet-and-greet between the franchises and this BCCI regime. “That’s been an old problem with BCCI, which leads to bad optics,” an insider stated.
Earlier, in an IPL Governing Council meet, member and former India stumper Surinder Khanna had questioned retaining IMG’s R33.5 crore annual contract for managing the league. However, it’s learnt since their contract runs until 2022, they might proceed. A prime official justified the choice to cast off the IPL opening ceremony, terming it ‘wasteful expenditure’.