News
BCCI Set To Lose Billions If IPL 2020 Gets Canceled?
By CricShots - Apr 8, 2020 1:31 pm
Views 40
Share Post

In recent times, there have been certain clouds of uncertainty over the future of the 13th edition of the Indian Premier League (IPL) with coronavirus continuing to spread its tentacles globally. The season that was scheduled to commence on March 29 and BCCI later decided to suspend it till April 15 and looks the possibility of it getting underway next week is highly unlikely.

IPL
IPL Trophy

The recent reports suggest that the BCCI is willing to have a truncated season beginning May or even pushing it to the latter half of 2020. However, if the season gets canceled, the Indian cricket board will reportedly lose a whopping ₹2,000 crore in revenue. To minimise the loss of such proportion, the board is likely to pass it onto the players meaning a pay-cut is in order.

ALSO READ: Roger Federer Gives A Unique Challenge To Virat Kohli

As per the quotes in Mumbai Mirror, a BCCI official said, “Obviously if the organization takes a financial hit, the salaries of the employees get affected as well. The pay cuts are a possibility.”

Kohli
Rohit Sharma and Virat Kohli

According to the English daily, the BCCI allocates 26 percent of its revenue to players – 13 percent of it goes to international cricketers while the remaining is distributed among the domestic and junior cricketers. The report further elaborated that the board annually allocates ₹150 crores for international stars and ₹70 crores to Indian players. If the cricket board has to suffer revenue loss in absence of IPL, “international players’ income will exceed their entitled share in the board income.”

ALSO READ: Rohit Sharma and Yuvi Speak on Unfair Indian Fans and Media

The Indian skipper, Virat Kohli, his deputy Rohit Sharma, and fast bowler Jasprit Bumrah are among the top-earners who have A-plus contracts with the BCCI, drawing a salary of ₹7 crores annually while head coach Ravi Shastri gets paid ₹9 crores annually.

On the other hand, the players will suffer a loss on two fronts – annual contracts plus pay cut in IPL deals with their respective franchisees even if the truncated season takes place.