The Indian Premier League 2023 Final is less than a day away. The summit clash will feature Chennai Super Kings and Gujarat Titans on Sunday, May 28 at Narendra Modi Stadium in Ahmedabad. Ahead of the big final, the details of prize money for the winners and runners up has been revealed and the teams are all set to be awarded with huge cash prizes.
Tournament prize
According to a report by Sportstar, the winner of the Eliminator i.e. Mumbai Indians will be rewarded with INR 7 crore while the loser, Lucknow Super Giants will get 6.5 crore. On the other hand, the winners of the competition will be awarded INR 20 crore while Runner Up will get INR 13 crore.
When the Indian Premier League got underway in 2008, it not only changed the perception of the game, but also brought about a significant change in terms of prize money.
The winning side received Rs 4.8 crore, whereas the runner-up was awarded with Rs 2.4 crore in the first couple of editions – in 2008 and 2009. Back then, it was possibly the highest prize money for any cricketing event. With DLF as its title sponsor and several top corporate outfits backing the league, the IPL eventually turned into a game-changer.
15 years later, the IPL continues to be the premier tournament in the world, offering the highest prize money – Rs 20 crore for the winning team, and Rs 13 crore for the runner-up.
While there has been a four-fold rise in the prize purse since its inception, the Board of Control for Cricket in India (BCCI)plans to increase it further in the coming seasons, though the figure is yet to be finalised.
Now, the total prize purse for teams is Rs 46.5 crore. The team finishing third receives Rs 7 crore, followed by the fourth team earning Rs 6.5 crore. This has been maintained for the last couple of seasons, and to make the league more attractive, the individual prize figures have gone up over the years.
The batter with most runs is awarded with the Orange Cap and a cash reward of Rs 15 lakh, whereas the Purple Cap – which goes to the bowler claiming the most number of wickets – winner also receives an equal amount of money.
The Emerging Player of the tournament gets a cash reward of Rs 20 lakh, while the Most Valuable Player of the season receives prize money of Rs 12 lakh. The other awards – the Power Player of the Season, Super Striker of the Season and Game Changer of the Season – come with cash rewards of Rs 15 lakh and Rs 12 lakh respectively.
In this edition of the tournament, along with the player of the match, there are six add-on awards for each league game, with each having a cash reward of Rs 1 lakh each.
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