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IPL salary structure 2022: After making big money at auction, here’s how IPL player salaries are structured – A total of INR 551.70 crore was spent on 204 players in the exciting IPL 2022 auction, which took place over two days. Follow the IPL 2022 LIVE updates with InsideSport.IN

IPL salary structure 2022: After making big money at auction, here’s how IPL player salaries are structured – check it out

Ishan Kishan was the most expensive player in the auction as he was roped in by Mumbai Indians for INR 15.25 crore while up to eleven players won INR 10,000,000,000 or more. However, many factors come into play to determine the actual salary a player will be able to claim.

Check out the 2022 IPL salary structure:

  • A player receives the amount he was bought for, for playing a season. If the player is retained for the following seasons, he will continue to receive the same fees. For example, if a player was purchased for INR 2,000,000 and plays three seasons for the same franchise, he will make a total of INR 6 crore.
  • However, a player does not take the entire sum home, because taxes are applicable on this income. Usually, a 10% withholding tax (TDS) is applicable for Indian players, while for foreign players it is 20%. The exact amount of the deduction is never known because, apart from the contractual amount, a player’s income also depends on a number of other factors, including performance-related bonuses, fines and awards.

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  • A player’s income does not depend on the number of games he plays, as long as he is available and with the team. So even a player bought at INR 2,000,000 does not have a single chance, he will still earn his full salary.
  • If a player is not available for a full season and only plays part of the matches, his salary is determined on a proportional distributionWhere pro rata.
  • If a player is not available for the whole season, he not to be able to claim any salary. The franchise can then sign a replacement player at its base auction price.
  • There is no set rule to follow when it comes to when a team will pay a player’s salary. A franchise can pay before, during or after the competition.

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  • If a team releases a player before the end of the season, they will have to pay the player’s full salary. If the decision to terminate comes from the end of a player, his salary will be decided on a pro rata basis.
  • Regarding retentions, the governing body has established guidelines regarding the purse deduction for a retained player, but the actual salary may vary. For example, INR 16 crore was deducted from the scholarship Kolkata Knight Riders to retain Andre Russell, when in reality he was signed for INR 12 crore.

IPL salary structure 2022: After making big money at auction, here’s how IPL player salaries are structured – check it out

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