The Board of Control for Cricket in India has proposed a 100% hike in the international cricket boards’ share to permit their players for the Indian Premier League. The decision will cost the BCCI an additional ₹24.64 crore for the IPL 2018 season.
The IPL general council, during its meeting in Mumbai in January, had considered a proposal to increase the share of the foreign cricket boards from 10% to 20% after bumper revenues from IPL media rights.
Cricket Australia stands to gain the most from the BCCI decision as its net revenue from the IPL share will increase by ₹9.56 crore to ₹19.13 crore. The amount is based on the aggregate fee the Australian cricketers will receive for playing in the IPL 2018. The Australian cricketer this year stand to earn a total of ₹95.60 crore by way of IPL salaries. The BCCI as per earlier commitment was supposed to pay Cricket Australia 10% of these numbers – ₹9.56 crore. However, as the decision has been made to increase the foreign boards’ share to 20% of their players’ IPL salaries, Cricket Australia now will earn ₹19.21 crore from the IPL 2018. The amount will be based on pro-rata payments the franchisees will make to the players.
West Indies Cricket Board comes next for its revenue share of ₹9.56 crore. Interestingly enough, minnow Afghanistan gets better IPL revenue share than New Zealand, Sri Lanka, and Bangladesh.
Sandeep Lamichhane’s ₹20 lakh contract with the Delhi Daredevils will also earn the Cricket Association of Nepal a token IPL revenue of ₹4 lakh.
To ensure that the players serve their full contractual terms, the BCCI while increasing the international boards’ IPL revenue share calculation base from 10% to 20% of their player’s net fee has also decided to release the payment on pro-rata basis.
The earlier terms and conditions would ensure the boards 10% of their players’ contract value irrespective of a player’s availability or salary.