Player Salary Caps To Be Lifted Next Year
May 8th, 2008 | By Aditya | Category: News
The $5 million salary cap per team that has been imposed this first season is all set to be lifted from next year, according to reports in NDTV today. The original reason the salary caps were imposed were to prevent the rich owners (read Mallya, Mukesh Ambani) from buying up all the top players at once.
But half-way through the first season, it is clear that money won’t buy you wins, and thats the reason the IPL committee has probably decided to do away with the salary caps from next year. This is good news for several of the international players, who’re going to see their salaries sky-rocket by about 6-7 times next season. Hayden is quoted by NDTV saying “From what I have heard, some of the stuff (payments) this year could be just the tip of the iceberg”.
And the salaries are also just the tip. At the end of the season, you can bet your life that the winning stars are going to be showered with advertising campaigns, and the best performing international players will start trying to sell us shampoos and soaps. Good fun!
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