Thought about this bold part and seriously yaar cricketers get peanuts if we look at the overall picture.
Even premier cricketers like Kohli also get only $3 Million if we only look at his BCCI + IPL contract, not considering sponsorship etc in this bracket. The situation is worse for other cricketers, no wonder players are looking for financial security.
Well.. I could agree with that. IPL media rights alone costs some $1.2 billion per year. But the total salaries are only around $115 million, which represents less than 10% of the media rights amount. Now compare this with the English Premier League. Media rights are rumored to be around £3.0 billion per year, and the highest paid player (Enzo Fernandez) is contracted for £106.8 million. Jack Grealish's contract is worth £100 million per year. That is almost 100 times of what Virat Kohli receives from the IPL (not adding in the national contract, since it is not exactly apple to apple comparison).
This debate started popping up in the media as well but not in India tho. Very few pundits addressing this issue.
There are some arguments regarding low percent of amount going to players.
- There is no players union in India.
- IPL is not long enough like other big sporting leagues.
- Franchises do have control but they are still under BCCI's shadow.
- Virtually no cricketing league or board contract is lucrative enough when compared to an IPL paycheck, so hardly any competition and little incentive to Franchise/BCCI.
