IPL 2021 suspended: The 14th edition of the Indian Premier League (IPL) might have been suspended but the players will receive their full salaries even they can’t come back when it resumes. Insurance policies taken by IPL franchises will ensure cricketers don’t miss out on their payments due to losses incurred by the teams in case of the tournament is suspended or cancelled. The Australian contingent will bag the most amongst overseas cricketers with $18 million. The likes of Pat Cummins, David Warner, and Glenn Maxwell are three of the highest earners in the tournament.
As reported by InsideSport earlier, BCCI, the franchises and official broadcaster Star will lose the most if the IPL 2021 cannot resume as the central pool will take a hit of Rs 2,000 crore. However, the Australian contingent with 18 players in the tournament will bag the most after Indian players.
IPL 2021 suspended: 3 Australian cricketers won’t receive any payment
Amongst the 18 players, only three Australians — Andrew Tye, Adam Zampa and Kane Richardson — will not receive any payments as they have forgone the salaries after they decided to return home early due to rising COVID-19 cases in the country.
Australian cricketers in IPL 2021: Glenn Maxwell (RCB), Pat Cummins (KKR), David Warner (SRH), Jhye Richardson (PBKS), Marcus Stoinis (DC), Steve Smith (DC), Riley Meredith (PBKS), Nathan Coulter-Nile (MI), Kane Richardson (RCB), Daniel Sams (RCB), Dan Christian (RCB), Chris Lynn (MI), Andrew Tye (RR), Ben Cutting (SRH), Jason Behrendorff (CSK), Moises Henriques (PBKS), Adam Zampa (RCB).
IPL 2021 suspended: Who could return if IPL resumes?
Even though many foreign cricketers may not return if the league resumes in the September-October window, there are few who could return. Apart from West Indies cricketers, some Australians could return to IPL 2021 if they are overlooked for Australia’s limited-overs home series against Sri Lanka in October. The likes of Nathan Coulter-Nile and Chris Lynn could return if they are not picked in the squad as they will be given “No Objection Certificates” by Cricket Australia.
Other Aussie cricketers, including Steve Smith, David Warner and Pat Cummins will be required to stay with the side for the bilateral series. It will be interesting to see if Glenn Maxwell is picked for the limited-overs series. Considering he was in fine form in the IPL 2021, he could be given a go before the ICC T20 World Cup.
IPL 2021 suspended: IPL player Salaries to be paid in Full, check why?
Under the terms of a standard IPL Players contract, the franchises pay salaries in three instalments. The first instalment has already been paid, with the last two payments held over until the conclusion of the tournament. Even if, BCCI fails to resume the league the players will get their full salary. All IPL players’ salaries are insured under the franchises insurance policies that cover them in the event of injury or any other mishappening. The total player’s salary, according to InsideSport Moneyball is nearly INR 483 crore in IPL 2021.
IPL 2021: How much will BCCI, broadcaster and franchises lose?
The league runs on a unique business model, and should it take a financial hit, it will affect the stakeholders too. If the IPL is not held this year, force majeure will come into play. According to this, the Star will pay BCCI on a pro-rata basis for the number of matches played. Star pays BCCI INR 54.4 crore per match. Hence the broadcaster will only pay INR 1,577 crore for 29 matches. BCCI will suffer a loss of nearly INR 1,700 crore for the remaining 31 matches.
To add to the revenue loss woes for BCCI, even the title sponsor Vivo will not pay for the nearly INR 225 crore (INR 7.3 core per game).
As for the franchises, BCCI and the IPL teams work on a 50:50 revenue sharing formula. Therefore, BCCI will share 50% of the revenue earned from the central pool with the franchise.