The IPL 2021 Prize Money for the winners will be INR 10 crores, runners-up will be INR 6.25 crores and the two other teams that qualify to the playoffs stage will be INR 4.375 crores each.
IPL Prize Money from 2008 to Present:
|Season||Winner(INR Crs)||Runners-up(INR Crs)||Third place(INR Crs)||Fourth place(INR Crs)|
The fourteenth edition of the Indian Premier League (IPL) is upon us and the richest and the most glamorous T20 cricket league in the world keeps getting better. The tournament has not only made careers, it has also prospered the lives of those involved in it and IPL Stats says it all.
The tournament is flocked by many Bollywood stars, top tier businessmen and a lot of other dignitaries. Along with the attention that they bring to the competition, they also allow the bucks to flow in. Money has always been a talking point of the IPL and one of those factors is the prize money that the top 4 teams receive in each season of the tournament.
The IPL Prize money in its inaugural edition way back in 2008 was $3 million, worth INR 12 crores. The winning team, Rajasthan Royals team, famously captained and coached by former Australian leg spinner Shane Warne, alone received $1.2 million.
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The tournament has rocketed its value to a multifold value over the last 13 years and the prize money over the years has been a good factor in analyzing the financial rise of the tournament.
During IPL 2019, the prize money for the IPL winners alone was INR 20 crores, which was more than the entire prize money allocated for the top four teams, in IPL 2008. However, the prize money did not stay that high for long, due to the widespread COVID-19, that pushed the tournament in 2020 from April-May to September-October-November and IPL 2021 will be of the same kind as its previous edition in 2020.
In addition to the postponement, the COVID-19 pandemic also did not allow the Board of Control for Cricket in India (BCCI) to keep giving out that amount of money during IPL 2020 when the entire tournament had to be conducted in the United Arab Emirates for the safety of the players, officials and their families. As a result, the winnings were reduced to 50%.
The IPL 2021 Prize Money will be similar to that of the previous edition. The winners will receive INR 10 crores, runners-up will receive INR 6.25 crores and the two other teams that qualify to the playoffs stage will receive INR 4.375 crores each.
The winners of the IPL Orange Cap (player with the most runs), IPL Purple Cap (player with the most wickets) and the IPL Emerging Player of the Tournament will earn INR 5 lakhs each.