- The BCCI will pay the IPL teams INR 250 crore a year starting from IPL 2018 season, as the board is to receive huge amounts from Star Sports, and Vivo, the official broadcaster and sponsors
- Star, which is to pay close to INR 3,200 crore per season to BCCI, has made it’s first installment worth INR 2,500 crore for IPL 2018
The Board of Control for Cricket in India (BCCI) has ensured the Indian Premier League (IPL 2018) teams that the board will be paying them a whopping share of INR 250 crore per year from the central revenue. The pay has seen almost a four-fold hike in the IPL teams’ earning for 2018, who were getting INR 60 crore a year previously, during the previous 10-year cycle, and is a causal factor of Star Sports & BCCI’s mega deal for IPL 2018.
BCCI hikes IPL teams’ pay to INR 250 cr, as they received rich dividends from Star Sports for selling the official IPL 2018 media rights for 5 years
This developments was confirmed to the IPL teams during the recent IPL workshop in Mumbai, as reported by Mumbai Mirror. The reason for BCCI making the recent move is owing to the fact, that Star Sports had bagged the official media rights from the BCCI last year, to broadcast the upcoming IPL 2018 season for INR 16,347 crore, for a five-year period.
The BCCI-Star Sports deal itself had touched a new high, i.e., almost 400 per cent jump in income from television rights. This is in contrast to earlier IPL seasons, where the previous broadcaster Sony was paying about INR 800 crore a year to BCCI. Under the current set of contracts and circumstances, Star will pay close to INR 3,200 crore per season to BCCI.
BCCI also getting huge amounts from IPL 2018 sponsors
The Indian cricket board has also made a INR 2,000 crore sponsorship deal with Vivo, and there are few more, associate sponsors, such as the Ceat Tyres, which will be sponsoring the strategic breaks for IPL 2018. Money flowing in from this will also go to the share of the IPL teams in 2018.
The IPL teams, however, will not be without liability. As a part of the new payment system, the IPL teams will now have to shell out 20 percent of their annual income to the BCCI, as well.
Star Sports pays first instalment to BCCI
Interestingly, it has been learnt that, Star, the official IPL 2018 media broadcaster, has paid it’s first instalment of INR 2,500 crore to the BCCI. As mentioned earlier, the broadcaster has to pay close to Rs 3,200 crore a year to the Indian cricket board. The remaining of the money will be paid to the Indian cricket board by Star, after the end of the IPL 2018 season in May, 2018.
Heath Streak joins Kolkata Knight Riders as bowling coach for IPL 2018
Kolkata Knight Riders (KKR) have roped in Heath Streak as their bowling coach for IPL 2018 season. The former Zimbabwe captain’s appointment as KKR’s bowling coach took place, as the franchise’s bowling coach from last season, Laxmipathy Balaji, has moved on to the Chennai Super Kings (CSK). Besides, the team’s original bowling coach, Wasim Akram, cannot take up the assignment because of continued diplomatic tension between India and Pakistan. Streak was the bowling coach of Gujarat Lions in their two-year existence.
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