Indian Premier League 2008

The Indian Premier League (also known as the "DLF Indian Premier League"), is a Twenty20 cricket competition created by the Board of Control for Cricket in India (BCCI). The first season of the Indian Premier League commenced on 18 April 2008, and it will end on 1 June 2008 when the final is played at the DY Patil Stadium, Navi Mumbai.

IPL Fixtures

Teams play each other twice in a round robin system, with equal number of home and away matches. The top four ranking sides will progress to the semi-finals. The eight teams taking part are Kolkata Knight Riders, Chennai Super Kings, Mumbai Indians, Hyderabad Deccan Chargers, Rajasthan Royals, Royal Challengers Bangalore, Delhi Daredevils, and Kings XI Punjab The inaugural 2008 tournament started on 18 April 2008 in Bangalore and lasts for 45 days, with 59 matches scheduled to take place.

IPL Television and Sponsorship rights

For a term of five to ten years the IPL has brought the BCCI a princely sum of $1 billion, making the body even more lucrative than its previous tag that had already made it the richest board in world cricket. More importantly, all these revenues fall under the Central Pool, 40% of which will go to IPL, 54% distributed to franchisees and 6% to prize money. The money will be distributed in these proportions till 2017, after which the share of IPL will be 50%, franchisees 45% and prize money 5%.

IPL Sponsorship rights

Indian real estate developer DLF Universal secured exclusive rights to the Indian Premier League title sponsorship worth INR 200 crore (over US$50 million) for five years. Hero Honda has been selected as an associate sponsor for five years in a deal worth US$22.5 million. In addition, soft-drink giant Pepsi secured the title as the tournament's Official Beverage by signing a five year deal worth USD 12.5 Million. The proceeds of the latter are to be shared equally by the league's franchise owners. Kingfisher Airlines has been named IPL's umpire partner with rights to advertise of umpire's clothes and also sponsoring third umpire decisions for five years. The deal is worth Rs. 106 crores (appx. US$ 26.5 million).

IPL Television rights

On 15 January 2008 it was announced that a consortium consisting of India's Sony Entertainment Television network and Singapore-based World Sport Group secured the global broadcasting rights of the Indian Premier League.[6] The record deal has a duration of ten years at a cost of US$1.026 billion. As part of the deal, the consortium will pay the BCCI US$918 million for the television broadcast rights and US$108 million for the promotion of the tournament. 20% of these proceeds would go to IPL, 8% as prize money and 72% would be distributed to the franchisees. The money would be distributed in these proportions until 2012 after which the share of IPL would go up. Sony-WSG then re-sold parts of the broadcasting rights geographically to other companies. Below is a summary of the broadcasting rights around the world.

IPL Rules

The official rules for the tournament are here. Some of the Team composition rules are:

  • Total squad strength of 16 players plus one physio and a coach
  • No more than 8 foreign players in the squad and at most 4 in the playing XI
  • A minimum of 4 local players must be included in each team
  • Not less than 4 players from the BCCI under-22 pool in each team

The players accorded "icon" status are: Sachin Tendulkar, Rahul Dravid, Sourav Ganguly, Yuvraj Singh and Virender Sehwag. Salary cap for all players per team is $5 mil US$. Under-22 players shall have a minimum annual salary of US$20,000 while for others it is US$50,000. Icons are paid 15% more than the highest paid player in the auction.

Official website:www.iplt20.com

Wikipedia
IPL 2008 Standings
P W L RR PTS
Rajasthan* 14 11 3 +0.632 22
Punjab* 14 10 4 +0.509 20
Chennai* 14 8 6 -0.192 16
Delhi* 14 7 6 +0.342 15
Mumbai 14 7 7 +0.570 14
Kolkata 14 16 7 -0.147 13
Bangalore 14 4 10 -1.160 8
Deccan 14 2 12 -0.467 4
* QLF for Semi Finals