The IPL has set new standards in cricket. Even on weekdays, stadiums are packed, showing the excitement surrounding the league. Ranked as the top cricket league globally, its competitiveness makes it stand out.
Since its beginning, many promising players have taken part, turning IPL into an iconic international brand. Beyond thrilling cricket, the league attracts major financial investments, changing the lives of players, many of whom once struggled to make a living.
In addition to large contracts, players also earn bonuses for their performances, such as the Man of the Match award. This article explains the Man of the Match Award money in the IPL.
Man of the Match Award in IPL
The Man of the Match is one of the top honors in cricket. Winning it isn’t easy since 22 players are competing for it in each game. To win, a player must deliver an exceptional performance, often leading their team to victory.
Usually, the award goes to a player from the winning team, but there are rare cases where a player from the losing side delivers such an outstanding performance that they still earn the award.
A panel of commentators decides the Man of the Match prize in the IPL. The prize for this award is INR 1 lakh (approximately 1,200 USD), and the winner receives a cheque during the post-match presentation.
The IPL awards significant prize money to the top-performing teams:
Position
Prize Money (INR)
Prize Money (USD)
Winner
20 crore
2.4M
Runners-up
13 crore
1.57M
Third Place
7 crore
846K
Fourth Place
7 crore
846K
Last year, Chennai Super Kings took home INR 20 crore (2.4M USD) for winning the tournament, while the runners-up Gujarat Titans earned INR 13 crore (1.57M USD). Third and fourth place teams, Mumbai Indians and Lucknow Super Giants, received INR 7 crore (846K USD) each.
IPL 2023 Player Awards and Prizes
Players also earn individual awards based on their performance during the season. Here’s the prize money for the key player awards in IPL 2023:
Award
Prize Money (INR)
Prize Money (USD)
Emerging Player
20 lakh
24,000
Orange Cap (Top Run-Scorer)
15 lakh
18,000
Purple Cap (Top Wicket-Taker)
15 lakh
18,000
Most Valuable Player
12 lakh
14,500
Game Changer
12 lakh
14,500
Maximum Sixes
12 lakh
14,500
Super Striker
15 lakh
18,000
The league celebrates top players with these awards. The Emerging Player, decided by fan votes, earns INR 20 lakh (USD 24,000). The top run-scorer (Orange Cap) and the leading wicket-taker (Purple Cap) are each rewarded with INR 15 lakh (USD 18,000). Players excelling in other areas, like hitting the most sixes or having the highest strike rate, also receive prizes.
