The Indian Premier League (IPL) 2024 season concluded with the Kolkata Knight Riders (KKR) emerging as champions after a stellar performance throughout the tournament. Led by Shreyas Iyer, KKR topped the league stage with 19 points and secured their place in the final by defeating Sunrisers Hyderabad (SRH) in Qualifier 1. In the final, they faced SRH again and triumphed, thanks to a crucial half-century by Venkatesh Iyer and outstanding bowling by their fast bowlers. This victory marked KKR’s third IPL title, earning them a prize money of Rs 20 crore, while the runners-up, SRH, received Rs 13 crore.
Comparing IPL’s Prize Money with SA20 and CPL
The IPL stands out as the most lucrative T20 franchise league globally, not only in terms of popularity but also in prize money. The closest competitor to IPL in terms of prize money is South Africa’s SA20 league. In 2024, Sunrisers Eastern Cape won the SA20 title and were awarded 34 million Rand, which is approximately Rs 15.4 crore. Another notable league is the Caribbean Premier League (CPL), where the prize for the 2023 champions was USD 1 million, roughly Rs 8.3 crore. The Guyana Amazon Warriors were the winners, with Trinbago Knight Riders finishing as runners-up.
Prize Money in ILT20, PSL, and BBL
The International League T20 (ILT20) saw MI Emirates clinch the title in 2024, receiving USD 700,000, equivalent to Rs 5.8 crore, while Dubai Capitals were the runners-up. The Pakistan Super League (PSL) and the Big Bash League (BBL) offer significantly lower prize money compared to IPL. In the 2024 PSL season, Islamabad United won the title and were awarded Rs 4.13 crore, while the runners-up, Multan Sultans, received Rs 1.65 crore. The BBL’s prize money for 2024 was USD 450,000 (Rs 3.7 crore), which went to Brisbane Heat.
IPL’s Dominance in T20 Franchise Leagues
Overall, the IPL’s prize money dwarfs that of other T20 franchise leagues around the world. The substantial financial rewards reflect the league’s status and appeal, attracting top talent and maintaining its position as the premier T20 competition. As other leagues continue to grow and increase their prize money, the IPL remains the benchmark for success and profitability in franchise cricket.
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