IPL 2020 Prize Money: The 13th season of the Indian Premier League (IPL 2020) is all set to get closed. Not very long ago, the chances of seeing the tournament taking place this year was looking absolutely bleak. But BCCI makes it happen for all of us in extraordinary circumstances this year. Due to the COVID-19 pandemic this year, the teams won’t get the same amount that they grabbed last year. The prize money of the title winner will be described below.
The only one game has left to close the rich-cash league i.e. Dream11 IPL 2020, and that epic encounter (MI vs DC) will be held at Dubai International Cricket Stadium in Dubai tonight. In which, defending champions and four-time IPL winners Mumbai Indians(MI) will square off with Delhi Capitals(DC) in today's IPL Final. Rohit Sharma and Co will be aiming for their fifth IPL title if the Mumbai side wins, they take Rs. 10 crores despite the previous season 20 crore.
In March, BCCI had implemented strict cost-cutting to the IPL prize money and decided to reduce them for IPL 2020. Now the winner of IPL 2020 will only get 50% in comparison to the previous year. The prize money has been substantially reduced by the BCCI this year due to the COVID-19 pandemic.
Moreover, The Orange Cap winner and the Purple Cap winner earned Rs 10 lakh each last year. The Emerging player went home with Rs 10 lakh in 2019. The most valuable player of the season award-winner received Rs 10 lakh as well.
The two losing IPL qualifiers will now get Rs 4.375 crore each. Back in March, BCCI announced the prize money for the Orange Cap (most runs) holder, the Purple Cap (most wickets) holder, the emerging player but it won’t be the same from last year.
It should be noted that the three players were sold for more than Rs 10 crore in the last auction and they would take home more money than the IPL winners this season. KKR pacer Pat Cummins has received Rs 15.5 crores while KXIP's Glenn Maxwell and RCB all-rounder Chris Morris have received Rs 10.75 crore and Rs 10 crore respectively this season.
“The financial rewards have been reworked as a part of the cost-cutting measures. The champions will get Rs 10 crore instead of Rs 20 crore. The runners-up will get Rs 6.25 crore from earlier Rs 12.5 crore,” a BCCI made a statement.