BCCI likely to reveal IPL player salaries
The BCCI’s decision to make the ‘actual’ salaries of retained players in the IPL public - ostensibly as a part of its recent attempts to ensure transparency - has evoked mixed responses from franchises. After the IPL draft held on Tuesday, IPL chairman Rajiv Shukla had said that details of payments made to the players retained will be put up on the BCCI’s website. It is learnt that such information is likely to be available at the end of the first trading window on December 31.
If the rule comes into effect, the franchises may have to disclose the actual remuneration paid to the players retained for the first time since the introduction of the retention system in 2010, which allowed teams to sign a certain number of players from their squad ahead of the auction. The earnings of the players on the retention list are not necessarily the same as the fixed price bands they are slotted in. For example, if Royal Challengers Bangalore retain Virat Kohli as their first player, a deduction of Rs 12.5 crore from their auction purse will be made, but they may pay Kohli either the same amount or more or less.
The BCCI, by virtue of being a party in this tripartite agreement, is privy to the payment made, but such numbers are not easily available in the public realm, as opposed to the non-negotiable hammer-price for which a player is picked up in the auctions.
Kasi Viswanathan, one of the directors of Chennai Super Kings Cricket Ltd, the company that owns the suspended franchise, Chennai Super Kings, felt franchises were loath to disclose the actual payments because of the fear of leaking business strategy. “This is a business proposition,” he told ESPNcricinfo. “Why would they want to let out trade secrets?”
Viswanathan, however, said the players retained by Super Kings in 2014 - MS Dhoni, Suresh Raina, R Ashwin, Ravindra Jadeja and Dwayne Bravo - were compensated in accordance with the prescribed money brackets. Dhoni was paid Rs 12.5 crore, Raina 9.5 crore, Ashwin 7.5 crore, Jadeja 5.5 crore and Bravo Rs 4 crore. Viswanathan also said the subject of revealing such payments had never come for discussion in the past.