The Board of Control for Cricket in India (BCCI) is preparing for IPL 2021 Phase 2 in the United Arab Emirates, despite the absence of several overseas superstars. Ben Stokes and Pat Cummins are also expected to miss the competition’s second leg, which is slated for September. According to one of the BCCI officials, pulling out of the season will cost them a lot of money.
Pat Cummins, who was purchased by Kolkata Knight Riders (KKR) for a record INR 15.5 crore in 2020, will earn roughly INR 7.75 crore if he doesn’t make it to IPL 2021 Phase 2 in UAE. If players (overseas) do not return for the remainder of the competition, which was postponed midway through May due to the COVID-19 outbreak, a BCCI official stated they will only be paid on a pro-rata basis. When a player is purchased during an auction, the highest bidder determines the player’s compensation (excluding taxes). All of the pay are based on a season’s worth of work. Cummins was therefore entitled to a salary of INR 15.5 crore for the IPL 2021 season.
The BCCI distributes a proportion of a player’s earnings to his or her home board, in Cummins’ case, Cricket Australia. For playing the whole IPL season, players get paid in three to four instalments over the course of a year. In the event that a player is injured while participating in the IPL or during the camps, the player is still compensated in full.
According to the players contract, if the organizers (BCCI) are unable to complete the entire season, the player is still paid in full. If a player does not make himself available for the whole season, he is only paid on a pro-rata basis, which means he is only paid for the number of matches he has played with the team during the IPL Season. This is the condition that requires IPL players who are unable to attend the UAE leg to forfeit their wages. The IPL is not a concern for India’s centrally contracted players under the conventional contract, according to the BCCI’s “Players Insurance” program.
It serves as a form of insurance for all centrally contracted players. After a conversation between then-BCCI secretary N Srinivasan and the Indian team players prior to the commencement of the fourth season in 2011, the system was implemented. Players are rewarded under the insurance policy in the event of IPL non-appearance/unavailability owing to injury/accident, among other things.