IPL 2020: As per a report published on Sportstar, if the BCCI decided to cancel the 13th edition of the Indian Premier League (IPL 2020), then players will not be paid their salaries.
Sportstar reported that a senior official of an IPL franchise has said that as per the guidelines of IPL, players are paid in three installments and if the tournament gets canceled then they would have to follow ‘No IPL, No Salary’ policy.
“The system of IPL payments is that 15 percent is paid a week before the tournament starts. 65 percent more is paid during the tournament. The remaining 20 percent is paid within a stipulated time after the tournament ends,” a senior official of an IPL franchise said.
“The BCCI has specific guidelines. Obviously, no player will be paid as of now,” he added.
The same official also added that the franchises will not get any money from insurance companies as a pandemic is not covered in the clause.
“We will not get any money from the insurance company as a pandemic is not covered in the clause. Each franchise has salary overheads ranging between Rs 75 to 85 crore. How can we pay if there’s no action,” he asked.
He also cited examples of English Premier League, La Liga, and others in an interview with Sportstar.
“From English Premier League, La Liga to Bundesliga, players are taking pay cuts. Also, there is no certainty anywhere as to when things will get normal,” the official, who has been part of at least IPL 10 editions, added.
Talking more about the impact of ‘No IPL, No Salary’ policy, he said that big players like Dhoni and Kohli will not get affected by this but the first-timers for whom 30-40 lakh is a life-changing amount, will get affected if the IPL 2020 gets canceled.
“It’s not just the Dhonis and the Kohlis who will be affected. Surely they would feel the pinch but for many first-timers, the Rs 20, 40 or 60 lakh is serious life-changing money after all the hard work. Hope the BCCI has a plan in place,” he said.