IPL 2020 Cuts Cash Prize in Half

IPL 2020 Cuts Cash Prize in Half

IPL 2020 Cuts Cash Prize in Half

The IPL currently implemented major cost-cutting measures which will affect the cash prize that will be won by the IPL 2020 winners.

IPL 2020 champions will receive a different cash prize this year as the board decided to cut the price in half. Instead of the accustomed Rs 20 crore, the champions will only receive Rs 10 crore this year. Meanwhile, runners-up will get Rs 6.25 crore instead of Rs 12.5 crore. Third and fourth-placed teams, on the other hand, will receive Rs 4.375 crore each. 

Aside from that, the BCCI also implemented new travel policies for the staff. Mid-level employees are now prohibited to avail business class flights for flights which last less than eight hours. This also applies to the senior-most employees which include the operational heads. 

From this season onwards, overseas and capped Indian players may be loaned. The auto no-ball will also be implemented as a new protocol. Lastly, state associations will receive the same amount of Rs 1 crore as the franchises per match. There will also be no opening ceremony for this season. 

Franchise officials, however, were not happy with the latest development in the IPL as they were not consulted about it. As it turns out, the issue had been internally discussed among the teams and a formal meeting will be held for it soon. 

The IPL 2020 season will kick-off with a match between defending champions Mumbai Indians and the Chennai Super Kings on March 29. To know more about the Indian Premier League, visit Betwala. 

READ MORE: What is the Indian Premier League?

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