Indian Premier League has become the most watched domestic T20 competition in the world and that too by a fair margin. That also means BCCI and IPL generate massive revenues both in TV money and gate receipts and we take a look at how IPL money is distributed among teams every year.
IPL Prize Money Pool: IPL have some extensive TV rights both in India and oversees and that is the biggest slice of revenue coming in IPL. From this TV money a prize money fund is allocated every year which is distributed among teams how they finish by end of each IPL season.
There are two prize money funds every year.
1). is normal prize money 50 crore indian rupee which goes to players
2). Prize money for league standing 25 crore indian rupee which goes to franchises.
IPL 2020 PRIZE MONEY:
IPL confirmed that there won’t be any change in normal prize money pool of IPL. A total of Rs. 50 crore to be distributed among top four teams of IPL 2020 season. This prize money pool goes exclusively to players and staff of the franchises.
Below is the official breakdown of IPL prize money for 2020 season.
|STAGE||PRIZE MONEY (Indian Rupees)||PRIZE MONEY (USD)|
|IPL WINNERS||RS. 20 crore||$6 million|
|RUNNERS-UP||RS. 12.5 crore||$3.4 million|
|3RD PLACE TEAM||RS. 8.25 crore||$2.45 million|
|4TH PLACE TEAM||RS. 8.25 crore||$2.45 million|
|TEAM NOT QUALIFYING FOR PLAYOFFS||NONE||NONE|
|TOTAL PRIZE MONEY POOL||RS. 50 Crore||$14 Million|
IPL League Standing Money:
Like we mentioned before this is second pot of prize money pool which is rarely quoted in media and most fans dont know about it. IPL started giving out slice of the TV revenue to participating teams every year to make sure TV money is shared all around. From 2014 to 2019 it was same like normal prize money pool with Rs. 50 crore distributed as league standing prize money however in 2020 IPL announced it will half this pot due to pandemic and corona virus issues.
Here is how IPL Leadgue stading money is distributed.
|RANK||PRIZE MONEY FOR LEAGUE STANDING|
|Champions||RS. 10 crore ($2.9m)|
|Runners-up||RS. 6.25 crore ($1.7m)|
|Playoff losing team 1||RS. 4.25 crore ($1.2m)|
|Playoff losing team 2||RS. 4.25 crore ($1.2m)|
|This prize money pool is exclusively for Franchises and players dont get any slice of it.|