Warnie's IPL money bags
Shane Warne will earn a minimum of AUD$495,000 for playing in the IPL Twenty20 tournament. I read somewhere he'll earn over $1,000 per delivery. Now some say this kind of money is ludicrous. Personally, I would give a finger or two (from my non-bowling hand) just to get a bowl at a Saturday club game. So to get paid more than the average battler's weekly wage just to bowl a single delivery is all out of whack. No wonder Warnie is urging everyone to embrace IPL, don't fight it. I'm picturing him saying it in a Darth Vader voice: "give yourself to the dark side!"
But spare a thought for poor Warnie. $1,000 per ball sounds a lot but what if he bowls a no-ball? Instantly, his pay rate plummets 50%. Then he bowls a wide. Again, plummets to 33%. How many of you would accept a job where your pay rate dropped every time you made a mistake? No, this IPL gig is a rort designed to exploit Australia's greatest cricketers. As a patriotic Aussie, I'm more than willing to do my bit to protect our boys and take their place (any bids for a chubby cartoonist/leg spinner?)
| Posted by JC on Thu 21 Feb |  17 comments |
David Hussey, you are *obsessed* with David Hussey! Get a room already! :-)
Posted by JC on 2008-02-21 11:57:04
Posted by JC on 2008-02-21 11:57:04
I can't see any tangible way the promoters can make money out of this nonsense. Unless they fill it with bollywood crap between innings and every promoter exploits the marketing potential of owning a cricket team to push their other products.
Either way, there's going to be a lot of selling off of the franchises within 2-3 years. It seems like an overblown candy bar that the promoters have picked.
But you are right, its disgusting to see McGrath not picked. I guess, thats the way the market works. Even the loud mouthed Warne got a raw deal. Now that is surprising.
Posted by Subhash on 2008-02-21 13:42:45
Either way, there's going to be a lot of selling off of the franchises within 2-3 years. It seems like an overblown candy bar that the promoters have picked.
But you are right, its disgusting to see McGrath not picked. I guess, thats the way the market works. Even the loud mouthed Warne got a raw deal. Now that is surprising.
Posted by Subhash on 2008-02-21 13:42:45
The most complimentary thing I can say about Twenty20 is that I'd rather watch it than most of the crap that's on tele during the week.
Having said that, I have found the IPL team selections quite interesting and bizarre to say the least. For example, Jacques Kallis was purchased for $900,000US and Matthew Hayden for $375,000US. How can this be? I think Kallis is a tremendous cricketer, but he makes Dravid look like a dasher.
Posted by P. Dorf on 2008-02-21 15:03:17
Having said that, I have found the IPL team selections quite interesting and bizarre to say the least. For example, Jacques Kallis was purchased for $900,000US and Matthew Hayden for $375,000US. How can this be? I think Kallis is a tremendous cricketer, but he makes Dravid look like a dasher.
Posted by P. Dorf on 2008-02-21 15:03:17
McGrath has been picked by Delhi for USD 350,000 and Mike Hussey by Chennai for an equal amount.
In absolute terms, such an amount is in no way less than what these players actually deserve. What baffles me is the huge pay to some less deserving players. Interesting to note that Lalit Modi, chairman of IPL and VP of BCCI, expressed extreme surprise at the player valuations. "Some players have gone surprisingly low, some have gone surprisingly very very high. The rationale is not for me to judge, it's for the team owners to judge."
What's obvious is that a player wasn't valued solely on his cricketing abilities. Special T20 skills, how well can he be marketed, how well he fits in the team sponsors' image and endorses it et al, all comes into play. If a sponsor spends USD 1 million on a player, he expects him to return a significant more than that and there's no way a player can do that purely on his cricketing abilities. Remember, a Dhoni or a Symonds is not 'payed' to play, they have actually been 'bought'. So they'd be doing everything, besides playing, to make returns.
The pays actually disclose the plans sponsors have for a player. So one can say Hussey, McGrath, Haydos or Ricky won't be doing too many things apart from playing cricket but Symonds, Gilli or Lee might have to work in between match-days.
This explains why a wayward Sreesanth was bought for USD 625,000 and an impeccable Umar Gul for a meagre USD 150,00!
Posted by Zapper on 2008-02-21 16:58:41
In absolute terms, such an amount is in no way less than what these players actually deserve. What baffles me is the huge pay to some less deserving players. Interesting to note that Lalit Modi, chairman of IPL and VP of BCCI, expressed extreme surprise at the player valuations. "Some players have gone surprisingly low, some have gone surprisingly very very high. The rationale is not for me to judge, it's for the team owners to judge."
What's obvious is that a player wasn't valued solely on his cricketing abilities. Special T20 skills, how well can he be marketed, how well he fits in the team sponsors' image and endorses it et al, all comes into play. If a sponsor spends USD 1 million on a player, he expects him to return a significant more than that and there's no way a player can do that purely on his cricketing abilities. Remember, a Dhoni or a Symonds is not 'payed' to play, they have actually been 'bought'. So they'd be doing everything, besides playing, to make returns.
The pays actually disclose the plans sponsors have for a player. So one can say Hussey, McGrath, Haydos or Ricky won't be doing too many things apart from playing cricket but Symonds, Gilli or Lee might have to work in between match-days.
This explains why a wayward Sreesanth was bought for USD 625,000 and an impeccable Umar Gul for a meagre USD 150,00!
Posted by Zapper on 2008-02-21 16:58:41
The reason for "baffling disparities" between players pricing could be because of:
1. Many international players who won't be able to play regularly due to personal reasons and national duty have commanded less price. In case of indian players, they will not be available only during india matches.Like ponting may not play at all and walk away with 25% of the auction value due to his busy schedule. So he commanded less price.
2. There are many dynamics during bidding process which determines a final price. Just to take an example, in eight round of bidding, if a team fails to bag a decent middle order batsman after couple of rounds, the team would be dying for whoever is up for sale in next round. The other bidders also will jack up the prices to force the desparate bidder to burn his budget. This would leave the bidder with less money to spend in later rounds.
3. An average all rounder may be perceived to be more valuable than a brilliant batsman or bowler due to the nature of T20 where a bowler can only bowl 4 overs and batsman need not settle down for a big score. That's the reason Irfan Pathan is more coveted than even Ricky Ponting.
Having said all these, there is a contradiction in pricing for at least few players, viz McGrath and Warne as they will be available for entire season. The reason for this may be
1. This bidding is for 3 years and promoter can't sell off a player in first 3 years. There may be a feeling that these two guys will not be able to continue effectively for next 3 years as they are already retired. That may eventually turned out to be wrong but this thinking probably has compelled many bidders not to bid for them or quote low price.
2. Warne has not been very successful in indian pitches and this might have impacted the bidding. For McGrath, even though he was very effective every time he visited India, but as he can only bowl 4 overs in flat tracks,so he is not being perceived as a lethal weapon.
Whatever it may be, what's happening is absolute madness and may not be good to produce quality players.
Posted by No Argument on 2008-02-21 20:06:17
1. Many international players who won't be able to play regularly due to personal reasons and national duty have commanded less price. In case of indian players, they will not be available only during india matches.Like ponting may not play at all and walk away with 25% of the auction value due to his busy schedule. So he commanded less price.
2. There are many dynamics during bidding process which determines a final price. Just to take an example, in eight round of bidding, if a team fails to bag a decent middle order batsman after couple of rounds, the team would be dying for whoever is up for sale in next round. The other bidders also will jack up the prices to force the desparate bidder to burn his budget. This would leave the bidder with less money to spend in later rounds.
3. An average all rounder may be perceived to be more valuable than a brilliant batsman or bowler due to the nature of T20 where a bowler can only bowl 4 overs and batsman need not settle down for a big score. That's the reason Irfan Pathan is more coveted than even Ricky Ponting.
Having said all these, there is a contradiction in pricing for at least few players, viz McGrath and Warne as they will be available for entire season. The reason for this may be
1. This bidding is for 3 years and promoter can't sell off a player in first 3 years. There may be a feeling that these two guys will not be able to continue effectively for next 3 years as they are already retired. That may eventually turned out to be wrong but this thinking probably has compelled many bidders not to bid for them or quote low price.
2. Warne has not been very successful in indian pitches and this might have impacted the bidding. For McGrath, even though he was very effective every time he visited India, but as he can only bowl 4 overs in flat tracks,so he is not being perceived as a lethal weapon.
Whatever it may be, what's happening is absolute madness and may not be good to produce quality players.
Posted by No Argument on 2008-02-21 20:06:17
I'm finding this bidding interesting and also bamboozling at the same time. It's interesting to see how much money players are receiving for these competitions and it's bamboozling me how the amounts of money are being processed. With money taken of the contract for wide's and no balls. It all seems to be going too far in my opinion.
Posted by Isaac on 2008-03-06 04:28:59
Posted by Isaac on 2008-03-06 04:28:59
Are there any Aussies in this Blog, who will be interested to form a Conglomerate to buy an IPL team. Certainly the prices of the teams is set to fall well below.This is no joke. Contact me on k_rafael@yahoo.com
Posted by Rafael on 2008-04-22 15:18:35
Posted by Rafael on 2008-04-22 15:18:35
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