The Board of Control of Cricket India (BCCI) has revealed that they will not be paying any player due to COVID-19 lockdown at least before the kicking off of Indian Premier League (IPL).
“The system of IPL payments is that 15% is paid a week before the tournament starts. 65% more is paid during the tournament. The remaining 20% is paid within a stipulated time after the tournament ends,” revealed a senior BCCI official as quoted by The Hindu. “The BCCI has specific guidelines. Obviously, no player will be paid as of now,”
As COVID-19 has slush sports body financially, the cash-rich league, IPL, will lose its revenues and wouldn’t be able to pay contracted players on behalf of the lost generation.
“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 ₹75 to 85 crore. How can we pay if there’s no action” revealed the official?
The league was to be started by March 29th, but it was called off due to COVID-19 shortly. However, the new window has been expected to be launched by April 29th. It can further be delayed due to ongoing COVID-19 pandemic or ultimately be called off but, BCCI is in no mood for cancellation.
“Also, there is no certainty anywhere as to when things will get normal,” he added.