Player contracts are typically for one season but can be extended based on mutual agreement.
Each IPL team has a salary cap set by the BCCI. In 2024, the cap is ₹100 crores, ensuring financial parity across teams.
Teams bid for players in the annual auction, and the highest bid determines the player's salary.
Teams can retain a set number of players before the auction and use Right to Match (RTM) cards to reclaim players during the auction.
Players are categorized as capped, uncapped, and overseas, influencing their base price in auctions.
Players receive their full contracted salary even if they play fewer matches due to injury or non-selection.
Some contracts include performance-based bonuses for milestones like most wickets or highest runs.
If a player is injured, teams can replace them mid-season, but the replacement's salary comes from the team's remaining budget.
Players do not earn from sponsorship or gate revenue directly; these are shared among teams and the IPL governing body.
Payments are made in installments – part before the season begins and the remainder during or after the season.
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