BCCI vice-president Lalit Modisaid to be the mastermind behind the idea of IPL, spelled out the details of the tournament including its format, the prize money, franchise revenue system and squad composition rules. The others teams are not awarded any prize money.
Since the players in IPL are only contracted for the duration of the tournament less than two monthsthe weekly IPL salaries are extrapolated pro rata to obtain average annual salary, unlike other sport leagues in which players are contracted by a single team for the entire year.
In the trading windows, a player can only be traded with his consent, with the franchise paying the difference if any between the old and new contract. Since the season, the player contracts are denominated in the Indian rupeebefore which the contracts were in U.
The top two teams from the league phase will play against each other in the first Qualifying match, with the winner going straight to the IPL final and the loser getting another chance to qualify for the IPL final by playing the second Qualifying match. Meanwhile, the third and fourth place teams from league phase play against each other in an eliminator match and the winner from that match will play the loser from the first Qualifying match.
This received significant opposition from franchise owners who complained that richer franchises were "luring players with under-the-table deals" following which the IPL decided to include domestic players in the player auction.
Player acquisition, squad composition and salaries A team can acquire players through any of the three ways: The IPL rules mandate that half of the prize money must be distributed among the players.
Each team is given a two-and-a-half-minute "strategic timeout" during each innings; one must be taken by the bowling team between the ends of Ipl business 6th and 9th oversand one by the batting team between the ends of the 13th and 16th overs. Players sign up for the auction and also set their base price, and are bought by the franchise that bids the highest for them.
The winner of the second Qualifying match will move onto the final to play the winner of the first Qualifying match in the IPL Final match, where the winner will be crowned the Indian Premier League champions.
However, a penalty may be imposed if the umpires find teams misusing this privilege. If the new contract is worth more than the older one, the difference is shared between the player and the franchise selling the player. On 21 Marchit was announced that two new franchises — Pune Warriors India and Kochi Tuskers Kerala — would join the league before the fourth season in Players can not be traded outside the trading windows or during the tournament, whereas replacements can be signed before or during the tournament.
Modi also clarified that they had been working on the idea for two years and that IPL was not started as a "knee-jerk reaction" to the ICL. There are generally three trading windows—two before the auction, and one after the auction but before the start of the tournament.
At the conclusion of the league stage, the top four teams will qualify for the playoffs.
A team can play a maximum of 4 overseas players in their playing eleven but there are some instances in IPL when a team have been played with less than 4 overseas players. The dynamic Twenty20 format has been designed to attract a young fan base, which also includes women and children.
Unsold players at the auction are eligible to be signed up as replacement signings.
The squad strength must be between 18 and 25 players, with a maximum of 8 overseas players. Some of the team composition rules as of season are as follows: Organization Tournament format Currently, with eight teams, each team plays each other twice in a home-and-away round-robin format in the league phase.Ipl as a business model 1.
IPL AS A BUSINESS MODEL By Presented Dharmveer Thakur 2. When asked whether all this was taking place because the format of IPL is not good, Azad said: "There is nothing wrong with the format of the IPL. Kirti Azad not surprised over IPL SMS goof-up IPL provides retail electric service to aboutcommercial, industrial and residential customers in Indianapolis, as well as portions of other Central Indiana communities surrounding Marion County.
Free Essay: IPL The Indian Premier League is a T20 cricket competition promoted by the BCCI and is modelled on the same lines as football’s EPL or. We would like to show you a description here but the site won’t allow us. Koen Maertens.
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The tenth season of IPL has been kicked off just few days back and it is already a hit.
If you are wondering how IPL earns money, here is a primer for you. IPL mania on.Download