Kohli the highest-paid cricketer in IPL

Monday, 4 January 2016 00:00 - - {{hitsCtrl.values.hits}}

Kohli-the-highest-212501 Royal Challengers Bangalore will pay Virat Kohli Rs 15 crore (approximately $ 2.26 million), a bigger amount than the Rs. 12.5 crore ($ 1.89 million) that will be deducted from their salary purse - BCCI

ESPNCricinfo: Virat Kohli is the highest-paid cricketer in the IPL, according to salary figures released by the league on Friday.

While Kohli will cost his franchise Royal Challengers Bangalore Rs. 12.5 crore (approximately USD 1.89 million) from their salary purse, they will actually pay him Rs. 15 crore ($ 2.26 million). MS Dhoni, for long believed to be the most expensive IPL cricketer, will be paid USD 1.89 million, which is equal to his purse deduction, by the Pune franchise. Pune secured Dhoni in a draft of players who were part of the suspended Chennai Super Kings and Rajasthan Royals franchises.

Apart from Royal Challengers, who are paying Kohli and Chris Gayle more than the purse deduction, Mumbai Indians are paying Harbhajan Singh, Lasith Malinga and Ambati Rayudu more than the purse deduction they result in.

However, contrary to the general perception that quite a few players used to get paid much more than the official purse deduction, quite a few have actually taken big cuts. Manan Vohra, retained by Kings XI Punjab, will get less than 10% of his Rs 4 crore (USD 600,000) purse deduction. Rohit Sharma, Gautam Gambhir and David Miller are among those getting paid less than the purse deduction they are responsible for.

Each franchise is required to spend a minimum of Rs. 40 crore ($ 6 million) but not more than Rs. 66 crore ($. 9.96 million) on their squad. However, when the franchise retains players, the purse-deduction slots are what are considered for the purpose of calculation of what it can and should spend.

Kings XI are thus keen on saving money; after negotiating the salary with Vohra, they can actually spend far less than USD 600,000 on him. However, they will still lose $ 600,000 from their purse ahead of the auction. Royal Challengers, on the other hand, don’t seem to mind spending extra.

In the case of former Chennai Super Kings and Rajasthan Royals players, though, the new franchises didn’t have any room to negotiate. The BCCI had assured the players left without teams but drafted by the two new teams they would be paid the same amount as they were earning earlier. So while Ravindra Jadeja might take away Rs. 9.5 crore ($. 1.43 million) from Rajkot’s purse, he will actually get only Rs 5.5 crore (USD 0.83 million).