IPL 2022: Everything you need to know about Prize money and other awards

IPL 2022 has come to an end almost. The last match is yet to be played between Gujarat Titans and Rajasthan Royals which will decide the winner of this season.…

By Swagata Choudhury

May 29, 2022

3 min read

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IPL 2022 has come to an end almost. The last match is yet to be played between Gujarat Titans and Rajasthan Royals which will decide the winner of this season. The franchise that’ll win the match will get a huge cash prize of Rs 20 Cr on Sunday. As per reports, BCCI will increase the cash prize from IPL 2023.

Here’s what a BCCI official told in a statement :

“That (increasing prize money) is currently under discussion. The prize money should be increased by 20-25% from next year. But the amount is not yet final. There should be a decision next year before the tournament,”

The year 2016, saw the last hike in prize money. The Board has gotten richer by Rs 12,175 Cr since Ahmedabad and Lucknow franchises got sold but the prize money is unchanged. BCCI has also received a sponsorship deal of above Rs. 1,000 Crore this year.

Prize Money (IPL 2022)

Winner: 20 Cr
Runners-up: 13 Cr
Third-place: 7 Cr
4th place: 6.5 Cr

Orange Cap: The batsman with the most runs is awarded IPL Orange Cap and a cash reward of ₹15 lakh.

Purple Cap: The bowler who takes the most number of wickets is awarded a Purple Cap and a cash prize of ₹15 lakh.

IPL Emerging Player of the Tournament: The player will get a cash reward of ₹20 lakh

The Most Valuable Player of the season: The player will receive prize money of ₹12 lakh.

Maximum Sixes Award in IPL: The winner will get a cash reward of ₹12 lakh

Game-changer of the season: The winner of the game-changer of the season will get a cash reward of ₹12 lakh

Super Striker of the season: The winner of the Super Striker of the season of IPL 2022 will get a cash reward of ₹15 lakh.

“Yes, we are aware that the prize money hasn’t increased in the last few years. But you have to also account for the Covid and the related increase in cost. Hopefully, we will be able to revise it from next edition,” the BCCI official said.

The IPL Media Rights will be having a mega auction in the month of June and BCCI has an expectation of over RS. 30,000 crore. Though the Rs 20 Crore prize money is the highest among all the T20 leagues, still the franchises don’t depend on the prize money as they get TV rights money from BCCI every year.