Remodelling the IPL payment method, the Committee of Administrators (COA) on Thursday agreed to release match funds to state associations before they host their first match. As per norm, each staging association gets Rs 60 lakh to host every IPL match. From the total amount, Rs 30 lakh is paid by the IPL franchise before the start while BCCI used to pay its share two weeks after the completion of the League.
However, in a departure from the current norm, the COA after a meeting with the officials from 10 state associations has decided that the BCCI's share will also be paid before the start of the IPL season. Therefore as per on Thursday's decision, the likes of Kolkata, Delhi, Bangalore will be getting a minimum of Rs 4.20 Cr (Rs 60 lakh per match for minimum 7 games) before the start of the first match. Similarly, UPCA will get Rs 1.20 Cr.