IPL 2020 Prize Money: The 13th edition of the Indian Premier League (IPL 2020) is all set to come to a conclusion. The chances of seeing the tournament taking place this year was looking very bleak a few months ago. But thanks to Board of Cricket Control in India (BCCI), the Emirates Cricket Board (ECB) and others involved committee', the tournament has taken place in a smooth manner in the UAE. Due to the COVID19 pandemic this year, the teams won’t get the same amount that they grabbed last year. The prize money of the title winners will be described below.
The one match left in the IPL 2020 which will be the IPL Finals, scheduled to be played on November 10, 2020. In which, Delhi Capitals will challenge the defending champions Mumbai Indians(MI) in today's grand IPL Final. DC, however, will be playing the final of IPL for the very first time in IPL history. It was an impressive all-round display by the team as they finally overcame the Sunrisers Hyderabad on Sunday.
Back in March, in a circular sent to all IPL franchises, the Board of Cricket Control in India (BCCI) notified that the IPL prize money will be reduced by nearly half this year.
The winner of IPL 2020 will receive Rs 10 crore instead of Rs 20 crore as suggested by BCCI in an official statement a few days ago. Shreyas Iyer side chasing their maiden IPL title, if wins the team gets Rs. 20 crore while in losing cause, Mumbai gets the same.
Meanwhile, BCCI announced the prize money for the Orange Cap (Most runs) holder, the Purple Cap (Most wickets) holder and the emerging player but that amount is reduced too. The individual winners were rewarded handsomely. The Orange Cap winner and the Purple Cap winner will earn Rs 10 lakh each.
Due to the Coronavirus pandemic this year, the teams won’t get the same amount that they grabbed last year. The prize money has been substantially cut down by the BCCI this year due to this pandemic. Earlier this year in March, the BCCI had implemented strict cost-cutting measures with the remarkable decision on the winners’ prize money.
“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 notification read.