72-647: The Champions Boat League also known as CBL is an IPL style professional snake boat regatta held in Kerala , India. Teams participate in a series of 12 established traditional boat races to compete for the top spots. The first season of CBL was held in 2019, inaugurated by Sachin Tendulkar . It started with the Nehru Trophy on 10 August and ended with the President's Trophy on 1November. Around 1.8 crore people watched
144-654: A 75% growth in dollar terms since 2020 when it was valued at $ 6.2 billion, according to a report by consulting firm D & P Advisory. In 2022, the BCCI took insurance of ₹ 5,000 crore (US$ 600 million) for the IPL. This insurance policy involves all stakeholders, including broadcasters, ancillary services providers, and sponsors. The BCCI is covered in the case of any revenue losses due to weather, riots, and other unforeseen events. The next cycle of IPL media rights will last from 2023 to 2027 and will be put to auction. In this auction,
216-495: A higher amount for the last two seasons of its sponsorship contract due to the league's expansion from the 2022 season. According to InsideSport , due to the new deal's structure, Tata would pay ₹ 335 crore (US$ 40 million) per year while Vivo would pay the deficit of ₹ 163 crore (US$ 20 million) per season. Saudi Aramco brought the rights to advertise on the Purple and Orange caps in 2022. The BCCI pays ten per cent of
288-474: A lower limit on both contracted international players and how many can play in their matches. In 2011, an exception to the rule was made for the Mumbai Indians who, due to players being unavailable, had a squad of seven Indian players and would have been unable to put together a playing team of eleven players should another be injured. They were allowed to field five international players. That year, Mumbai won
360-418: A participation fee of $ 500,000. Every edition had a total prize money of $ 6 million. Since 2010, it had been distributed as follows: Before the commencement of the tournament, each team names a squad of 15 players. All players must be contracted by the team for their domestic tournament. Mirroring the IPL rule, each team can field a maximum of four international players. Most of the other tournaments have
432-461: A purple cap whilst fielding. The eventual winner keeps the cap for the season. Bhuvneshwar Kumar and Dwayne Bravo are the only players to have won the award twice. Harshal Patel of Punjab Kings who took 24 wickets during the 2024 season , is the most recent winner of the award. The Most Valuable Player award, formerly called the "Man of the Tournament" until the 2012 season, is awarded using
504-434: A ratings system introduced in 2013. Sunil Narine won the award in 2024. The Fair Play Award is given after each season to the team considered to have the best fair play record. After each match, the two on-field umpires and the third umpire score the performance of both teams, with the highest-scoring team at the end of the season receiving the award. The 2024 winners were Sunrisers Hyderabad . The Emerging Player Award
576-545: A single title. The reigning champions are the Kolkata Knight Riders, who defeated the Sunrisers Hyderabad by eight wickets in the 2024 IPL final to secure their third title. Team now defunct Team now defunct This section shows records from the league stage only (i.e. excluding playoffs & finals) from 2008–2024. Stats are correct as of conclusion of league stage of IPL 2024 . A summary of
648-500: A team from Pakistan and was prepared to also replace the remaining England team. In response, ECB devised plans for their own Champions League. ECB eventually agreed to the terms from the BCCI. The CLT20 was founded by the BCCI, Cricket Australia and Cricket South Africa with one team from England and $ 6 million in prize money. Following this, another problem arose with the International Cricket Council over
720-503: A winning bid of ₹ 2,199 crore (US$ 260 million). On 4 August 2020, Vivo canceled the title sponsorship rights due to the military stand-off between India and China at the Line of Actual Control in July 2020. The withdrawal was also a result of Vivo's market losses due to the ongoing COVID-19 pandemic; Vivo intended to return as the title sponsor for the following three years. Dream11 became
792-399: Is presented to the player who hits the most sixes at the end of the season. From 2008 to 2012, the IPL title sponsor was DLF , India's largest real estate developer, which bid ₹ 200 crore (US$ 24 million) for the rights for five seasons. After the 2012 season, PepsiCo bought the title sponsorship rights for ₹ 397 crore (US$ 48 million) for the next five seasons but terminated
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#1732872225018864-590: Is the first choice for hosting the tournament. While the tournament format remained almost unchanged, the qualification tournaments have changed to include more overseas players and create stronger teams. The Caribbean Twenty20 was created in the West Indies after their representative finished runners-up in the 2009 edition. It was later expanded to become the Caribbean Premier League in 2013. Australia and Sri Lanka have expanded their tournaments to create
936-526: Is the most popular and biggest cricket league and it usually takes place during the summer for 2 months, between March and May each year. It has an exclusive window in the ICC Future Tours Programme , resulting in fewer international cricket tours occurring during the IPL seasons. In 2014, it ranked sixth in average attendance among all sports leagues. In 2010, the IPL became the first sporting event to be broadcast live on YouTube . Inspired by
1008-687: The Big Bash League in 2011 and the Sri Lanka Premier League in 2012 respectively. Participation in the tournament is highly desired. Since the Bangladesh Premier League was created in 2012, its organisers had hoped for their teams to be included in the tournament. A Bangladeshi team has yet to participate in the CLT20. The Dhaka Gladiators , winners of the 2013 BPL, expressed their disappointment after being excluded in 2013 despite
1080-877: The COVID-19 pandemic , the venue for the 2020 season was moved and games were played in the United Arab Emirates . In August 2021, the BCCI announced that two new franchises, based in two of six shortlisted cities, would join the league in the 2022 season . In closed bidding held in October, the RPSG Group and CVC Capital won the bids for the teams, paying ₹ 7,000 crore (US$ 840 million) and ₹ 5,200 crore (US$ 620 million), respectively. The teams were subsequently named Lucknow Super Giants and Gujarat Titans . Several IPL franchise owners have expanded their business by acquiring teams in other franchise leagues, such as
1152-595: The Caribbean Premier League (CPL) , South Africa's SA20 , the UAE's International League T20 (ILT) and the USA's Major League Cricket (MLC) . These teams have been branded with similar names to their parent IPL franchises. In addition to the above acquisitions, Delhi Capitals also bought a stake in MLC's Seattle Orcas . The IPL's headquarters are located in the Cricket Centre, next to
1224-479: The Chennai Super Kings , who won their second title in 2014 . The tournament was held between September and October for a period of two to three weeks in either India or South Africa. It had a total prize pool of US$ 6 million, with the winning team receiving $ 2.5 million, the highest for a club cricket tournament in history. The format involved qualifying teams from the premier Twenty20 competitions of
1296-659: The Indian Premier League , the cricket authorities in India, Australia and South Africa entered into discussions to create a new international club competition and capitalise on this success. The plans for the creation of the Champions League Twenty20 were first announced on 13 September 2007. The inaugural edition was to be held in October 2008, run by the cricket boards of India, England, Australia and South Africa, and featuring two teams from each country. However,
1368-517: The Twenty20 Cup as a result of a long-term decline in the popularity of county championship and domestic limited-overs cricket . By shortening matches to around three hours, the format was designed to attract a younger crowd and boost attendances. Cricketing nations began adopting the format and creating domestic Twenty20 competitions . This was followed by the creation of international Twenty20 tournaments. The International 20:20 Club Championship
1440-551: The Wankhede Stadium in Churchgate , Mumbai. The Governing Council is responsible for the league's functions, including the organization of tournaments. As of April 2024 , its members included: A team can acquire players through the annual player auction , trading with other teams during trading windows, and signing replacements for unavailable players. Players sign up for the auction and set their base price and are bought by
1512-423: The 2010 edition, controversy arose when an IPL team contractually forced three players to play for them by utilising a clause in the rules of the IPL. The clause states that the IPL teams have first rights over their players should they qualify with another team. The choice of the players and the nature of the rules are common subjects of debate with every edition. It continued to cause confusion until 2013 when it
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#17328722250181584-550: The 2011 edition had Shahrukh Khan as brand ambassador and an opening ceremony featuring international hip-hop artists. The ratings for the 2010 edition, held in South Africa, improved to 1.45. This is attributed to better performances by the IPL teams: the final, won by the Kolkata Knight Riders , drew an all-India rating of 3.30 while matches with the Mumbai Indians had an average rating of 2.11. The tournament format
1656-437: The 2011 edition. Previously relatively unknown, Narine and Cooper were sold for $ 700,000 and $ 50,000 respectively at the 2012 IPL auction and made immediate impacts to their teams. In particular, Narine helped his team win the 2012 Indian Premier League and was named Player of the Tournament. Similarly, in the 2012 edition, Chris Morris helped Highveld Lions to reach the final and in return it earned him an IPL contract at
1728-451: The 2013 IPL auction where he was bought by Chennai Super Kings for US$ 625,000, 51 times his base price. Although each edition held had a different format and had a different number of participating teams, each had a group stage and a two-round knockout stage . A qualifying stage was introduced in 2011, reducing direct entrants to only teams from India, South Africa and Australia. Each team (including qualifying stage participants) receives
1800-514: The 4.1 achieved by the 2009 Indian Premier League . Low viewership led to Bharti Airtel ending its five-year sponsorship deal after two years. Nokia signed a four-year deal to replace Bharti Airtel as the title sponsor but also withdrew after one year. Karbonn Mobiles replaced Nokia in 2012. From 2014 onwards Oppo bagged the title sponsorship rights. Several attempts were made at improving reception. The marketing campaign for 2010 included television commercials featuring Bollywood stars while
1872-604: The BCCI the 10% bank guarantee element of the franchise fee. In September 2012, the Deccan Chargers franchise agreement was terminated after the BCCI failed to find new owners. In October, an auction was held for a replacement franchise; Sun TV Network won the bid for what became the Hyderabad franchise; the team was named Sunrisers Hyderabad . Pune Warriors India withdrew from the IPL in May 2013 due to financial differences with
1944-467: The BCCI. The BCCI officially terminated the franchise in October, and the league reverted to eight teams. In June 2015, the two-time champions Chennai Super Kings and the inaugural season champions Rajasthan Royals were suspended for two seasons following their involvement in a spot-fixing and betting scandal . The two teams were replaced for two seasons by franchises based in Pune and Rajkot . Due to
2016-399: The CLT20. Should a player be a part of more than one qualified team, he can play for his "home" team (the team from the country he is eligible to represent in international cricket) without consequence. If he plays for any other team, that team must pay the home team a compensation fee ($ 150,000 from 2011). Indian Premier League teams have been the most popular choice for these players. In
2088-541: The CLT20. A player will instead receive an additional 10% of his IPL salary for representing his IPL team in the CLT20. The participating teams are from the top cricketing nations and determined by the premier Twenty20 tournaments of those nations. Each edition has featured teams from India, Australia, South Africa, New Zealand, the West Indies and Sri Lanka. England have been in three editions but refused further participation after 2012 as their domestic season clashed with
2160-520: The ICL executive board. In response, the BCCI increased the prize money for its domestic tournaments and imposed lifetime bans on players who joined the rival league, which it considered a rebel league. On 13 September 2007, following India's victory at the 2007 T20 World Cup , the BCCI announced a franchise based Twenty20 cricket competition known as the Indian Premier League. The inaugural season
2232-410: The IPL at US$ 4.16 billion in 2016; that number grew to $ 5.3 billion in 2017 and $ 6.13 billion in 2018. A report from Duff & Phelps said one of the contributing factors in the rapid growth of the IPL's value was a new television deal with Star India Private Limited, which engaged more viewers because the IPL was transmitted to regional channels in eight languages; under the previous deal,
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2304-461: The IPL had contributed to a net loss of 2.4 million Disney+ subscribers worldwide, primarily in India. Champions League Twenty20 The Champions League Twenty20 , also known as the CLT20 , was an annual international Twenty20 cricket competition played between qualifying domestic teams from some major cricketing nations. The competition was mainly launched with an ambitious view of replicating
2376-436: The IPL offered total prize money of ₹ 46.5 crore (equivalent to ₹ 49 crore or US$ 5.9 million in 2023), with the winning team netting ₹ 20 crore (equivalent to ₹ 21 crore or US$ 2.5 million in 2023) and the second-placed team ₹ 13 crore (equivalent to ₹ 14 crore or US$ 1.7 million in 2023). League rules mandate that half of any prize money must be distributed amongst
2448-430: The Indian Premier League is here to stay. The league has delivered financially for the players, franchisees, sponsors, and India as a whole, prompting a strong desire among stakeholders to value it appropriately. To ensure continued development, management, and team owners must explore innovative ways of engaging fans, clubs, and sponsors. In December 2022, the IPL became a decacorn valued at US$ 10.9 billion, registering
2520-693: The UEFA Champions League in cricket.The competition was launched in 2008 with the first edition held in October 2009. It was jointly owned by the Board of Control for Cricket in India , Cricket Australia and Cricket South Africa , and was chaired by N. Srinivasan , who was also the chairman of the ICC. Sundar Raman was the Chief Operating Officer (COO) of the CLT20 as well as the IPL . The last champions were
2592-400: The auctioned value of players to their national cricket boards. In January 2018, IPL chairman Rajiv Shukla said the IPL would double the amount paid to cricket boards that made their players available for an entire season. In 2022, Australian Cricketers' Association expressed its unhappiness about this. The IPL tournament rapidly grew in value between 2016 and 2018. Financial experts valued
2664-405: The award. Australian batsman David Warner has won the award three times, more than any other player. Virat Kohli of Royal Challengers Bengaluru , who scored 741 runs during the 2024 season , is the most recent winner of the award. The Purple Cap is awarded to the highest wicket-taker at the end of each season. It is an ongoing competition and the bowler who is the leading wicket-taker wears
2736-509: The ban on players who chose to participate in the ICL, the rival league shut down in 2009. New franchises, Pune Warriors India and Kochi Tuskers Kerala , joined the league before the fourth season in 2011. The Sahara Adventure Sports Group purchased the Pune franchise for $ 370 million, while Rendezvous Sports World bought the Kochi franchise for $ 333.3 million. The Kochi franchise was terminated after just one season due to their failure to pay
2808-543: The broadcaster. South Africa first hosted in 2010 but India has since been the first preference for hosting. South Africa was only chosen to host in 2012 when situations made it infeasible for India to host. Source : Cricinfo As of the 2012 edition, 30 teams have competed in 103 matches. Individual players have appeared in as many as four editions and 20 matches. Four players have scored centuries, 16 players have taken four wickets in an innings and three players have taken five wickets in an innings. One player has taken
2880-495: The broadcasting rights were divided into four packages. Package A was for domestic television rights, and Package B was for domestic digital rights. Package C was for the digital rights of eighteen non-exclusive matches, and Package D was for international television and digital rights, further divided into four groups. On 13 June 2022, it was reported the packages for domestic television and streaming rights had fetched at least ₹ 397.75 billion (nearly US$ 5.1 billion) in total, doubling
2952-505: The compensation fee, some have felt the need to offer their players compensation in an attempt to sway their decision. The only player to have chosen another team over his IPL team was Kumar Sangakkara in 2013 . His team, the Kandurata Maroons , lost all their matches and did not advance beyond the qualifying stage. This incentive was lessened when IPL contracts were changed in 2014 to not have player salaries cover participation in
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3024-536: The contract due date or the actual payment date. Before the 2014 season, Indian domestic players were not included in the player auction pool. They could be signed up by franchises at a discrete amount while a fixed sum of ₹ 10 lakh (US$ 12,000) to ₹ 30 lakh (US$ 36,000) would be deducted per signing from the franchise's salary purse. This received significant opposition from franchise owners, who complained richer franchises were "luring players with under-the-table deals." The IPL later decided to include domestic players in
3096-480: The deal in October 2015, two years before the expiry of the contract, due to the two-season suspension of the Chennai and Rajasthan franchises from the league. The BCCI transferred the title sponsorship rights for the remaining two seasons of the contract to Chinese smartphone manufacturer Vivo for ₹ 200 crore (US$ 24 million). In June 2017, Vivo retained the rights for the next five seasons from 2018 to 2022 with
3168-486: The efforts made by their management. It was originally intended for the host of the tournament to be rotated between the countries of the three shareholders: India, South Africa and Australia. The broadcasting agreement also demands that at least six of the first ten editions are to be held in India. However, Australia was not considered due to its unsuitable weather in September and due to its time zone being undesirable for
3240-494: The eight Test -playing nations, favouring the teams from India, Australia and South Africa. Owing to poor viewing figures, a lack of audience interest and unstable sponsorship, the three founding cricket boards announced in July 2015 that the tournament would be cancelled, making the 2014 Champions League Twenty20 the last edition of the tournament. Twenty20 cricket was launched by the England and Wales Cricket Board in 2003 with
3312-515: The event. Other notable rules, as of the 2024 season, include: Player contracts run for one year but can be extended by one or two years if the franchises take up the option. Since the 2014 season, player contracts have been denominated in the Indian rupee , before which the contracts were in the US dollar . Overseas players can be remunerated in the currency of the player's choice, at the exchange rate on either
3384-667: The event. The first event saw nine clubs participating, rising to twelve clubs in 2022. Indian Premier League The Indian Premier League (IPL) , also known as the TATA IPL for sponsorship reasons, is a men's Twenty20 (T20) cricket league held annually in India . Founded by the BCCI (the Board of Control for Cricket in India) in 2007, the league features ten state or city-based franchise teams. It
3456-518: The first edition on eight television channels in India and abroad, and 22 lakh people watched the races online. The first season was originally planned for 2018 but it was postponed owing to the floods in the state. The boat league was also cancelled in 2020 and 2021 due to the COVID-19 pandemic . The event is an attempt to promote traditional festivals in Kerala, so the Government allocates funds for holding
3528-526: The franchise's players. The IPL has several rules which vary from the established Laws of cricket or those used in other Twenty20 (T20) leagues: As of the 2024 season, the league has ten teams based in cities across India. Present teams Former teams Suspended Chennai Super Kings and Mumbai Indians have each won five titles, the most in the tournament. Kolkata Knight Riders have won three titles, while Rajasthan Royals , Deccan Chargers , Sunrisers Hyderabad and Gujarat Titans have each won
3600-506: The franchises was held on 24 January 2008. The reserve prices for the eight franchises totalled $ 400 million, but the auction ultimately raised $ 723.59 million. The league officially commenced in April 2008, featuring Chennai Super Kings (CSK), Mumbai Indians (MI), Delhi Daredevils (DD), Kings XI Punjab (KXIP), Deccan Chargers (DC), Rajasthan Royals (RR), Kolkata Knight Riders (KKR), and Royal Challengers Bangalore (RCB). Following
3672-400: The highest-bidding franchise. Unsold players at the auction can become replacement signings. Trades require player consent, and any contract differences are covered by the franchise. There are typically three trading windows: two before the auction and one before the tournament. No trading is allowed outside these windows or during the tournament, but replacements can be signed before or during
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#17328722250183744-473: The most notable statistical records associated with the tournament is provided below: The Orange Cap is awarded to the highest run-scorer at the end of each season. It is an ongoing competition with the current highest-run scorer wearing the cap whilst fielding. The eventual winner keeps the cap for the season. Brendon McCullum was the first player to wear the Orange Cap and Shaun Marsh the inaugural winner of
3816-524: The opportunity to further their careers in Twenty20 cricket. Kieron Pollard helped Trinidad and Tobago finish runners-up in the 2009 edition, including an innings where he scored 54 runs off 18 balls. This earned him an IPL contract at the 2009 IPL players auction where he was sold for an undisclosed amount after attracting the maximum possible bid of $ 750,000. Sunil Narine and Kevon Cooper also earned IPL contracts after competing for Trinidad and Tobago in
3888-404: The player auction. The BCCI give 10% of foreign players' salaries to their country's national cricket board. Based on a 2024 report by Forbes India , the average IPL salary among the top 10 highest-paid players is ₹12.37 crore, the second-highest of sports leagues in the world. Because players in the IPL are contracted only for the duration of the tournament – less than two months –
3960-543: The rights to the Indian Premier League (IPL) for $ 1.026 billion for ten years. Ahead of the 2009 edition, Bharti Airtel bought the title sponsorship rights for three years for reportedly $ 40 million. Despite this, the inaugural 2009 edition, held in India was not highly received by its targeted Indian audience, who only showed interest for the IPL teams. This was demonstrated by low attendance and television ratings. According to TAM Media Research , it drew an average television ratings point of 1.06, much lower than
4032-480: The second highest-valued sports media property worldwide, behind only the NFL , whose new media contracts taking effect in the 2023 season cumulatively fetched US$ 111 billion. In February 2023, Viacom18 announced it would stream the 2023 IPL for free on JioCinema with feeds in 12 languages, including English and regional languages, and in 4K resolution . The same month, The Walt Disney Company reported its loss of
4104-420: The success of the IPL, other Indian sports leagues have been established. In 2022, the league's brand value was estimated at ₹90,038 crore (US$ 11 billion). According to the BCCI, the 2015 IPL season contributed ₹1,150 crore (US$ 140 million) to India's GDP . In December 2022, the IPL achieved a valuation of US$ 10.9 billion, becoming a decacorn and registering a 75% growth in dollar terms since 2020 when it
4176-502: The title sponsors for the 2020 IPL for an amount of ₹ 222 crore (equivalent to ₹ 261 crore or US$ 31 million in 2023). Vivo returned as the title sponsor for the 2021 IPL season but withdrew again, and was replaced by the Tata Group for the next two seasons. InsideSport reported the BCCI would receive ₹ 498 crore (US$ 60 million) for the 2022 and 2023 seasons from title sponsors. Vivo had previously agreed to pay
4248-487: The tournament dates, which clashed with the ICC Champions Trophy , and the CLT20 was moved to December 2008. Plans were also made for the second edition to be held in late 2009 with 12 teams. In November 2008, the tournament was again put in jeopardy when Mumbai suffered terrorist attacks and the organisers attempted to reschedule again to early 2009. In December 2008, it was finally pushed to September 2009, when it
4320-569: The tournament encountered problems when the Board of Control for Cricket in India (BCCI), which owns 50% of the tournament, decided to bar players from the Indian Cricket League (ICL; a league unsanctioned by the BCCI and other cricket boards as a result) from participating. England featured ICL players in many of their teams, including their domestic tournament's runners-up the Kent Spitfires . The BCCI decided to replace Kent's slot with
4392-458: The tournament's dates. Pakistan has not been invited to participate in the tournament until 2012 due to the hostility between India and Pakistan since the 2008 Mumbai attacks . As the tournament is mainly targeted at the Indian audience, all editions have featured more teams from India than any other country. From 2011, four Indian teams competed while other countries had two teams at most. India
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#17328722250184464-495: The tournament. The current champions are the Kolkata Knight Riders , who won the 2024 season after defeating the Sunrisers Hyderabad in the final . In 2007, Zee Entertainment Enterprises founded the Indian Cricket League (ICL). The ICL was not recognized by the Board of Control for Cricket in India (BCCI) or the International Cricket Council (ICC). Moreover, the BCCI was unhappy about its committee members joining
4536-460: The transmissions were limited to sports networks with English-language commentary. According to an independent report conducted by Brand Finance, a London-based company, after the conclusion of the 2017 Indian Premier League , the IPL's business value grew by 37% to an all-time peak of $ 5.3 billion, exceeding the five-billion-dollar mark for the first time in a season. According to the company's director Savio D'Souza: Now in its 11th season,
4608-548: The value of the 2018–2022 contract. The next day, it was announced that Star Sports had renewed its contract for television rights by winning package A, and that a Viacom18 consortium had exclusively acquired the streaming rights by winning both Package B and C. The two contracts for Package A and B are cumulatively valued at around US$ 6.2 billion; with the new contracts, the IPL overtook the Premier League in English football as
4680-518: The weekly IPL salaries are extrapolated pro data to obtain an average annual salary, unlike other sports leagues in which players are contracted by a single team for the entire year. According to a report by The Telegraph , IPL players are paid 18% of the revenue, which is the lowest amount compared to other major sports leagues, in which players receive at least 50% of the revenue. The Federation of International Cricketers' Associations said that IPL players must be paid fairly. The 2022 season of
4752-588: Was an early attempt at an international Twenty20 club tournament. It was held in 2005 and featured domestic Twenty20 teams from three countries. Twenty20 International , the form of Twenty20 played between national cricket teams, began in February 2005 and the ICC World Twenty20 , the Twenty20 version of the Cricket World Cup , was first held in September 2007. Immediately after the end of the first season of
4824-452: Was changed in 2011 to introduce a three-day qualifying stage which allowed the inclusion of a fourth IPL team and weaker teams to be eliminated early. The 2011 edition saw the average rating increase to 1.64 but depended on IPL teams featuring in both semi-finals and the final. Despite low viewership, the tournament succeeded in providing a global stage and significant financial support for low-profile teams. Players have also capitalised on
4896-481: Was clarified that the CLT20 rules state the players are free to choose their team. However, for a player named in an IPL team's squad, he would have to forego 20% of his salary to choose another team. The IPL offers the most lucrative salaries and is the only tournament to have a clause relating to the CLT20 in its contracts. As a result, players are unlikely to choose against their IPL teams. For non-IPL teams wanting to keep their players, not only would they be forfeiting
4968-575: Was presented to the best under-19 player in 2008 and the best under-23 player in 2009 and 2010. In 2011 and 2012, the award was known as "Rising Star of the Year," and in 2013 the "Best Young Player of the Season." Since 2014, the award has been called the Emerging Player of the Year. Mustafizur Rahman is the only foreign player to win this award. The 2024 winner was Nitish Kumar Reddy . The Maximum Sixes Award
5040-531: Was scheduled to start in April 2008, commencing with a "high-profile ceremony" in New Delhi . BCCI Vice-president Lalit Modi , who led the IPL initiative, provided details of the tournament, including its format, prize money, franchise revenue system, and squad composition rules. The league, to be managed by a seven-man governing council, would also serve as the qualifying mechanism for that year's Champions League Twenty20 . To determine team ownership, an auction for
5112-467: Was successfully held as per the plans for the 2009 edition. The tournament received strong support from its creation. Its $ 6 million prize money pool was described by the organisers as "the single largest prize money pool in any cricket tournament so far." ESPN Star Sports paid $ 900 million for the global broadcasting rights to every match for 10 years, a deal comparable to when Sony Entertainment Television and World Sport Group purchased
5184-409: Was valued at $ 6.2 billion, according to a report by the consulting firm D and P Advisory. Its 2023 final became the most streamed live event on the internet, with 32 million viewers. In 2023, the league sold its media rights for the next 4 seasons for US$ 6.4 billion to Viacom18 and Star Sports , meaning each IPL match was valued at $ 13.4 million. As of 2024, there have been seventeen seasons of
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