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#2 IPL prize money reduced by 50%

IPL has reduced the prize money by 50 per cent

The cash-rich IPL has accounted for multiple cost-reductions ahead of the new season scheduled to begin from March 29. The winners of IPL 2020 along with the runners-up as well as the third and fourth-placed sides (loser of Qualifier 2 playoff match and loser of the eliminator playoff match respectively) will get the half the money assigned to them as compared to IPL 2019.

The winner will take home ₹10 crores instead of ₹20 crore, finalists will net ₹6.25 crores rather than the ₹12.5 crores. The third and fourth-placed teams place will receive ₹4.375 crores each, and not ₹8.75 crores like last year.

🗓️🗓️ Announcement 🚨🚨Schedule for league stage of the VIVO IPL 2020 is out 😎 Mumbai Indians to take on Chennai Super Kings in the tournament opener in Mumbai on March 29th 🏟️🏟️Full Details here 👉👉https://t.co/vi0Ve6zoy8 pic.twitter.com/kankjBLuJg

— IndianPremierLeague (@IPL) February 18, 2020

Full article: IPL 2020 News | Prize money for winners, finalists and playoff teams reduced by 50%; State Associations to earn more for hosting each IPL game