India’s Cricket Control Board (BCCI) has set a salary cap of INR 1.2 billion for the Women’s Indian Premier League (WIPL) which will be introduced next month. The size of the fund will increase by INR 1.5 billion annually over the next four years, increasing to INR 18 billion by the end of her first five-year cycle. Nothing is planned for the five-team league’s iconic players.
According to information shared with potential participants on Thursday (January 19), BCCI said the player’s wallet will reach Rs 12 billion in 2023, Rs 16.5 billion in 2026 and eventually He states that in 2027 he will reach INR 1.8 billion. Five teams in her first three years of the cycle and six in her last two years. In another key decision, the BCCI said it will allow five foreign players in the XI to play and at least one cricketer from the relevant country will be allowed in the XI. This is a deviation from the IPL rule that only 4 foreign players are allowed. According to sources from potential new franchises, the fifth player should be from Associates. “Teams have the option to field five foreign players as long as the fifth player is from the relevant country,” said a source on the development.
The first edition date has not yet been confirmed, but from March 4th he is expected to be March 26th. The league is likely to be held in Mumbai, with Brabourne Stadium in South Mumbai and DY Patil Stadium in Navi Mumbai likely to be the venues for 22 games in the first season. Wankhede is expected to be ready for his IPL, which is expected to start on March 31st or April 1st.
BCCI recently sold media rights to Viacom 18 for INR 950 million and is in the process of identifying five of his franchises to participate in his first three years. The franchise will be announced on January 25th after a closed-bid process. BCCI appears to have sold 29 ITTs, but the exact number of stakeholders may be around 15. League prizes are INR 10 crore for players, INR 6 crore for teams on the winning side, and INR 3 crore for runners-up. The 3rd place team receives his INR 1 crore. BCCI states that “a player’s prize money is distributed 100% of his players only.”