The T20 movement in cricket has resulted in the Indian Premier League (IPL) and the Pakistan Super League (PSL). Both leagues are well-known throughout the world, and they gave cricket’s T20 format a new, exciting look that fans love. Likewise, numerous youthful and unmistakable cricketers got their chance to show their ability through these arrangements.
The Indian Premier League is held every summer at various Indian or sometimes foreign stadiums and typically lasts two to three months. Eight teams competed for the trophy in the inaugural season in 2008, but since then, the number of teams has fluctuated as fewer teams have been included or excluded from the tournament.
After each team plays two home and away matches against an opponent, the top four teams in the points table advance to the playoffs. There are currently eight teams in this competition: Mumbai Indians, Chennai Super Kings, Delhi Capitals, Kolkata Knight Riders, Sunrisers Hyderabad, Royal Challengers Bangalore, Rajasthan Royals, Lucknow Super Giants, Gujarat Titans, and Kings XI Punjab.
PSL Budget vs IPL Budget
The IPL began in 2008 with eight teams, each of which paid a fee to the Cricket Board of India for their participation. These eight teams paid the BCCI a total of $723.5 million during the IPL’s inaugural season to participate in this tournament.
This amount has changed each season up until this point as the tournament progressed to a new level of success. Teams interested in participating in the tournament are required to pay the BCCI a franchise fee each year. In the previous season, each franchise received a purse of 3 crores, with a total allocation of 85 crores for the following season.
In contrast, in 2015, the Cricketing Board of Pakistan (PCB) sold the rights to the five teams that competed in the PSL’s inaugural season for $90.45 million. After that, the rights to Multan Sultan, a new team that joined the PSL in 2018, were purchased for $41.6 million for eight years.
When it comes to the budget for media coverage, the IPL matches are broadcast by nearly 25 sports broadcasters annually worldwide, necessitating a significant allocation of media rights. On the other hand, the PSL has been broadcast annually by eight to ten sports networks.
IPL vs PSL: Comparing the Prize Money Distribution
The Indian Premier League is thought to be one of the richest domestic T20 leagues in the world. Therefore, the IPL is significantly ahead of the PSL in terms of its winning prizes and other allowances. Every year, a significant sum has been spent on the winning team and runners-up. Similarly, various titles such as tournament player of the year, leading scorer, leading wicket-taker, and so forth. have also received significant winning prizes.
The IPL’s current winner receives a prize of INR 20 crores, while the season’s runners-up receive INR 12.5 crores. In contrast, the Pakistan Super League currently awards INR 3.75 million to the tournament’s winner and INR 1.5 million to the league’s runner-up. The prize structures of these two tournaments are markedly different from one another.
However, both leagues pay INR 10 lakhs for individual awards like the player of the tournament, leading run-scorer, or leading wicket-taker. However, the IPL has an advantage over the PSL due to the fact that the IPL prizes the third- and fourth-ranked teams in the tournament, whereas the PSL does not. The IPL offers INR 8.75 crores to the season’s third- and fourth-ranked teams.
Highest Salary Of PSL 2023
| Players Name | Country | Franchise | Price |
| Shadab Khan | Pakistan | Islamabad United | 1,70,000$ |
| Alex Hales | England | Islamabad United | 1,70,000$ |
| Rahmanullah Gurbaz | Afghanistan | Islamabad United | 1,50,000$ |
| Haider Ali | Pakistan | Karachi Kings | 1,70,000$ |
| Matthew Wade | Australia | Karachi Kings | 1,70,000$ |
| Shaheen Afridi | Pakistan | Lahore Qalandars | 1,70,000$ |
| Rashid Khan | Afghanistan | Lahore Qalandars | 1,70,000$ |
| Fakhar Zaman | Pakistan | Lahore Qalandars | 1,70,000$ |
| Mohammad Rizwan | Pakistan | Multan Sultans | 1,70,000$ |
| David Miller | South Africa | Multan Sultans | 1,70,000$ |
| Joshua Little | Ireland | Multan Sultans | 1,70,000$ |
| Babar Azam | Pakistan | Peshawar Zalmi | 1,70,000$ |
| Bhanuka Rajapaksa | SriLanka | Peshawar Zalmi | 1,70,000$ |
| Rovman Powell | West Indies | Peshawar Zalmi | 1,70,000$ |
| Mohammad Nawaz | Pakistan | Quetta Gladiators | 1,70,000$ |
| Wanindu Hasaranga | SriLanka | Quetta Gladiators | 1,70,000$ |
| Naseem Shah | Pakistan | Quetta Gladiators | 1,70,000$ |
| Imran Tahir | South Africa | Karachi Kings | 1,70,000$ |
Salary Comparison of Players In IPL And PSL 2023
| PLAYER’s NAME | IPL BID AMOUNT | PSL DRAFT AMOUNT |
| Rahmanullah Gurbaz | 60,453$ | 1,50,000$ |
| Fazalhaq Farooqi | 60,453$ | 1,30,000$ |
| Moeen Ali | 9,67,250$ | 1,30,000$ |
| Matthew Wade | 2,90,175$ | 1,70,000$ |
| Rashid Khan | 18,13,595$ | 1,70,000$ |
| David Wiese | 1,20,906$ | 1,30,000$ |
| Harry Brook | 16,02,010$ | 25,000$ |
| Sikander Raza | 60,453$ | 60,000$ |
| Rilee Rossouw | 5,56,170$ | 1,50,000$ |
| Tim David | 9,97,477$ | 60,000$ |
| David Miller | 3,62,720$ | 1,70,000$ |
| Joshua Little | 5,31,988$ | 1,70,000$ |
| Akeal Hosein | 1,20,906$ | 60,000$ |
| Adil Rashid | 2,41,813$ | 1,30,000$ |
| Bhanuka Rajapaksa | 60,453$ | 1,70,000$ |
| Rovman Powell | 3,38,538$ | 1,70,000$ |
| Wanindu Hasaranga | 12,99,743$ | 1,70,000$ |
| Odean Smith | 60,453$ | 1,30,000$ |