BCCI promises to address pay disparity created by IPL mini auctions

The Board of Control for Cricket in India (BCCI) has acknowledged the issue of pay disparity caused by the IPL mini auctions and plans to implement a new policy to address it. This comes after the record-breaking purchase of Mitchell Starc for a whopping ₹24.75 crore in the last auction.

Arun Dhumal announces review

Arun Dhumal, chairman of the IPL, stated in a recent interview that the BCCI is aware of the problem: “We have taken note of the pay disparity it creates. We will definitely conduct a review and come out with a new policy to address the issue.” He further revealed that discussions with franchises will take place before finalizing the revised policy.

Exploiting Demand and Supply Imbalance in IPL

The high prices fetched by Mitchell Starc and Pat Cummins (₹20.5 crore) in the last auction highlight how overseas players, particularly fast bowlers, can exploit the demand-supply imbalance in mini auctions. These players are increasingly opting for mini auctions over mega auctions to secure significantly higher salaries.

No Plans to Replace IPL Auctions with Drafts

While the BCCI is looking to address the pay disparity, a complete replacement of auctions with player drafts is not on the table. It’s more likely that a ceiling on individual player prices will be introduced.

IPL Mega Auctions Here to Stay

Despite some objections, the BCCI has no intention of eliminating the excitement and drama associated with mega auctions. “When new franchises come in, how would they form their team?” Dhumal questioned. He also pointed out the importance of mega auctions in allowing teams to retain core players. Currently, teams can retain up to four players.

Future Valuations and a Changing Media Landscape

The BCCI is closely monitoring the Indian media landscape’s evolution, as future IPL growth depends heavily on broadcast money. While Viacom 18 and Disney Star recently acquired IPL’s TV and digital rights respectively, their impending merger presents new opportunities.

“With the consolidation in the media space, we will see how we can have more players,” commented Dhumal. He acknowledged that technology is rapidly changing and future rights cycles might involve digital giants like Netflix, Apple, YouTube, or Meta.

Innovation in IPL Playing Conditions

The IPL is known for its innovative spirit, and the introduction of the Impact Player rule last year and the two-bouncers-per-over rule this year are testaments to that. Dhumal explained the rationale behind these changes: “It’s very important to keep trying something new with fan engagement in mind. The feedback we got was to empower the bowlers, that’s why the two bouncers.”

Impact Player Rule in T20 Internationals?

While the IPL introduces innovative rules, pushing them onto the international stage is a different matter. Dhumal believes these rules need to stand on their own merit: “Rather than pushing, the idea has to have its own pull. The global cricket fraternity watches IPL very closely. Everybody will keep an eye on how it impacts the game. The ICC cricket committee will decide.”

Club vs. Country: A Balancing Act

The debate regarding players prioritizing the IPL over domestic cricket has resurfaced with the recent exclusion of Ishan Kishan and Shreyas Iyer from BCCI central contracts. However, Dhumal downplays this concern: “It’s been played up a lot in the media space. But I think the players understand the value and pride that comes with playing for the country.” He believes players will strive to regain their central contracts and represent India.

IPL Selection vs. National Selection

While these players might be out of favor with national selectors, it won’t impact their IPL selection. Dhumal clarified: “When it comes to IPL, the franchises will take the call. The teams are here to win the trophy. But even franchises would want their players to play for India and become bigger players.”