IPL 2022 Salary Structure: After earning big bucks at the auction, here’s how IPL players’ salaries are structured – The IPL 2022 Auction lived up to it’s hype with as many as 204 finding new teams having gone under the hammer in the event lasting over two days in Bengaluru. While some saw a huge dip in their values, others raked in crores as most franchises splashed around most of their purse in the auction. With such big paychecks in play, questions surrounding the IPL 2022 pay structure have risen with fans wondering how the payment is processed to the players. Follow IPL 2022 LIVE updates with InsideSport.IN
IPL 2022 Salary Structure: After earning big bucks at the auction, here’s how IPL players’ salaries are structured – check out
Ishan Kishan was the most expensive player at the auction as he was roped in by Mumbai Indians for INR 15.25 crore, while as many as eleven players earned INR 10 crore or more. However, a lot of factors are at play in determining the actual salary a player will be able to claim.
Check out IPL 2022 Salary Structure:
- A player receives the amount that he has been bought for, for playing one season. If the player is retained for subsequent seasons, he will continue receiving the same fee. For example, if a player has been bought for INR 2 crore and plays three seasons for the same franchise, he will make a total of INR 6 crore.
- However, a player does not take the entire sum home, as taxes are applicable on this income. Usually, a 10% Taxes Deducted at Source (TDS) is applicable for the Indian players, while for foreign players, it is 20%. An exact amount of deduction is never known as besides the contractual amount, the income of a player also depends upon a number of other factors including performance-related bonus, fines and awards.
Also Read: IPL 2022 PBKS Captain: Shikhar Dhawan set to lead Punjab Kings in…
- The income of a player does not depend on the number of matches he plays, as long as he is available and with the squad. Hence, even a player bought at INR 2 crore does not get a single chance, he still will earn his full salary.
- If a player is not available for a full season and plays only a portion of the games, his salary is determined on a proportional allocation basis, or pro-rata.
- If a player is not available for the entire season, he will not be able to avail any salary. The franchise can then sign a replacement player at his auction base price.
- There is no determined rule to abide by when it comes to when a team will pay a player’s salary. A franchise can pay before, during or after the competition.
Also Read: IPL 2022: RCB’s Glenn Maxwell getting married before IPL 2022, sends ‘invitation…
- If a team releases a player before the completion of the season, they will need to pay the entire salary of the player. If the decision of termination comes from a player’s end, his salary will be decided on a pro-rata basis.
- As for retentions, the governing body has set guidelines regarding the purse deduction for a retained player, but the actual salary can vary. For example, INR 16 crore was deducted from the purse of Kolkata Knight Riders for retaining Andre Russell, when in reality, he was signed for INR 12 crore.
IPL 2022 Salary Structure: After earning big bucks at the auction, here’s how IPL players’ salaries are structured – check out
Editor's Pick
Cricket
Virat Kohli vs Australian media! Indian star snaps at reporters due to invasion of family privacy in Melbourne
Top Stories
