The IPL was initiated by the Board of Control for Cricket in India (BCCI) with eight franchises including players from round the globe. Franchises attatined players via an English auction that was carried out every year; nonetheless, there were several rules enforced by the IPL. The costs of IPL players ranged from as low as $20,000 to more tournament played over than $2 million for a tournament played through 7 weeks.
Three of the nine IPL teams appeared in the record of the 50 highest paid sports teams on earth in a survey conducted by sportingintelligence.com in May 2012. The IPL teams had several limitations on how much cash that they could spend on acquiring their players, and it absolutely was significant that they spend their money wisely to assemble a successful team, after gauging the actual value of a player. The performance of the players could be quantified through several metrics. Even though the IPL followed the T20 format of the game, it was not impossible the performance of the players in the other formats of the game, including test and one day matches, could affect player pricing. Anecdotal evidence indicates that factors for example economy rate, bowling strike rate, batting strike rate, and ability drive the cost of players. The focus of the case will be to comprehend the true worth of a cricket player, which can be utilized during the player auctions.
Pricing of players in the Indian Premier League Case Study Solution
PUBLICATION DATE: August 01, 2012 PRODUCT #: IMB379-PDF-ENG
This is just an excerpt. This case is about LEADERSHIP & MANAGING PEOPLE
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