SalaryCap

IPL Unveils Major Purse and Salary Cap Changes for 2025-27 Seasons

By Nilay September 29, 2024 0

The Indian Premier League (IPL) has unveiled significant changes to its Player Regulations for the 2025-27 seasons, particularly regarding the purse and salary cap for franchises.

Purse and Salary Cap:

Each of the 10 IPL franchises will have an auction purse of INR 120 crore. However, the total salary cap has undergone a major revision. Previously, the salary cap was the sum of the auction purse and incremental performance pay. For 2024, it stood at INR 110 crore. For the 2025 season, it has been increased to INR 146 crore, primarily due to the introduction of a new component: match fees.

Match Fees:

For the first time in IPL history, match fees have been introduced. Each playing member, including the Impact Player, will receive INR 7.5 lakhs per match. This amount will be in addition to their contracted salary. The inclusion of match fees effectively redefines the salary cap as auction purse + incremental performance pay + match fees.

Salary Cap Projections:

The salary cap for IPL 2026 is projected to increase to INR 151 crore, while for 2027, it is expected to reach INR 157 crore.

Impact on Players:

The introduction of match fees is a significant financial boost for players. A cricketer who plays all league matches in a season will receive an additional INR 1.05 crores on top of their contracted amount.

Big Auction:

The ‘Big Auction’ for the 2025-27 seasons is expected to take place in the second half of November this year. The location is yet to be finalized, but it is likely to be held overseas, possibly in the Gulf region.

Categories: Cricket

Vegas Golden Knights’ LTIR Usage Raises Questions About Salary Cap Manipulation

By Nilay May 4, 2024 0

The use of long-term injured reserve (LTIR) has become a contentious issue in the NHL, with teams like the Vegas Golden Knights facing scrutiny for their perceived manipulation of the salary cap.

Vegas has placed captain Mark Stone on LTIR each of the past three seasons, allowing them to exceed the cap by his salary until the playoffs begin. This has enabled them to acquire key players like Jack Eichel and Tomas Hertl.

Critics argue that this practice gives Vegas an unfair advantage, as they can essentially add players to their roster without having to shed salary. The NHL, however, maintains that it closely monitors LTIR usage and ensures that teams are not abusing the system.

General manager Kelly McCrimmon insists that the league is fully involved in all LTIR decisions and has access to players’ medical information. He argues that the system is legitimate and that injuries are thoroughly scrutinized.

However, some experts believe that the LTIR rules are open to interpretation and that teams may be exploiting loopholes. Hart Levine of PuckPedia notes that the timing of Stone’s recovery from a lacerated spleen this season raised eyebrows, as he was activated off LTIR just in time for the playoffs.

Other teams have also used LTIR to their advantage. The Chicago Blackhawks won the Stanley Cup in 2015 after adding players at the trade deadline while Patrick Kane was on LTIR. The Tampa Bay Lightning repeated as champions in 2021 with Nikita Kucherov and Steven Stamkos on LTIR.

The NHL and NHL Players’ Association have not yet discussed potential changes to the LTIR rules, but it remains a topic of debate. Some possible solutions include limiting teams to replacing only a percentage of the lost salary or simplifying the formula for calculating cap relief.

Categories: Others

IPL 2024: 10 Indian Players Could Earn Over Rs 100 Crore Without Salary Cap

By Nilay March 13, 2024 0

The Indian Premier League (IPL) 2024 is poised to be an exciting spectacle, with teams bolstering their squads through the recent auction. While some teams have maintained their core, others have made significant acquisitions.

Australian pace duo Pat Cummins and Mitchell Starc commanded record-breaking bids, fetching over Rs 20 crore each for SunRisers Hyderabad and Kolkata Knight Riders, respectively. This marked the first time the Rs 20 crore threshold was surpassed in IPL history.

Former Indian cricketer Robin Uthappa believes that the absence of a salary cap would result in astronomical salaries for Indian players. He estimates that as many as 10 Indian players could command over Rs 100 crore if the purse limit were removed.

“With an open auction and no purse limit, we have 10 players who can get over 100 crore,” Uthappa said on News24 Sports. “Jasprit Bumrah, Virat Kohli, Rohit Sharma, Hardik Pandya, Ravindra Jadeja, KL Rahul, Ruturaj Gaikwad, Shubman Gill, and Yashasvi Jaiswal would all be in that bracket.”

Uthappa, who has played for several IPL franchises, including Kolkata Knight Riders, Chennai Super Kings, and Royal Challengers Bangalore, emphasized the exceptional talent of these players. He highlighted their consistent performances, match-winning abilities, and fan following as factors that would drive their market value.

The IPL’s salary cap of Rs 100 crore per franchise ensures a level playing field and prevents teams from hoarding star players. However, Uthappa’s comments raise questions about the potential financial implications if the cap were lifted.

With the IPL 2024 season approaching, fans can expect intense competition and thrilling matches as teams vie for the coveted trophy. The presence of world-class players and the possibility of record-breaking salaries add to the anticipation surrounding the tournament.

Categories: Cricket

IPL Unveils Major Purse and Salary Cap Changes for 2025-27 Seasons

Vegas Golden Knights’ LTIR Usage Raises Questions About Salary Cap Manipulation

IPL 2024: 10 Indian Players Could Earn Over Rs 100 Crore Without Salary Cap

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Tag: SalaryCap