The 13th edition of the Indian Premier League (IPL) is expected to be cancelled, following the damage which has been caused in every corner of the world due to coronavirus. This will certainly be a massive blow for fans around the world, who were eagerly awaiting the arrival of the premier tournament.
However, the damage caused is expected to extend to a financial angle as well, according to a report in the Mumbai Mirror, with some of the biggest names in the game hit hard by the limbo which the IPL finds itself in.
Some well-placed sources in the BCCI have stated that the board will be facing a loss of revenue to the tune of Rs 2,000 crore, if the premier tournament is not held. This will have a direct impact on the cricketers themselves who will be forced to bear the burden of this financial hit.
With the top international stars enjoying a 13% share of the 26% income which is handed out to cricketers out of the total revenue share, it will certainly be an area of concern for top international stars like Virat Kohli, Jasprit Bumrah and Rohit Sharma who are in the A-plus category resulting in a yearly income of Rs 7 crore.
The three cricketers will further face a double whammy in case the 13th edition is cancelled, considering the fact that the IPL is played on the theory of no game no money. According to this rule, there is a loss of earnings ranging from Rs 10 crore to Rs 18 crore which is paid by the franchises expected to be faced by the trio.
Other Indian stars like Ravichandran Ashwin, fast bowler Mohammad Shami, batsmen KL Rahul and Cheteshwar Pujara who earn Rs 5 crore a year, will also be hit hard by the loss of revenue.
Veteran MS Dhoni who was recently dropped from the BCCI central contracts, and is currently featuring only in the IPL is further expected to face a reasonable deficit.
Not only this, but the impact of the crisis is also expected to extend to the match fees which the cricketers are paid per clash. The cricketers currently earn Rs 15 lakh per Test, Rs 7 lakh per ODI and Rs 5 lakh for a T20I. The BCCI could very well decide to reduce the players' retainership amount or the match fees.
However, a cancelled IPL 13 is a possibility which the board is least inclined to permit, as per numerous reports. The BCCI is looking to organise the tournament during the month of July or latest during winter as confirmed by an official.
“The board is looking at an alternate window to host matches, possibly in July, or latest during winter,” he told CNBC-TV18.
The BCCI is further willing to conduct the IPL without fans in the stadium, but only as a last resort.