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 (often abbreviated as  ), is a domestic professionalTwenty20 cricket competition in India.
[3][4]
It was initiated by the Board of Control for Cricket in India (BCCI) headquartered in Mumbai and supervised by BCCI Vice

President Chirayu Amin, chairman & commissioner for IPL, and CEO, Sundar Raman. It presently includes 10 teams (franchises)
[5]
consisting of players from different countries. It was started after an altercation between the BCCI and theIndian Cricket League.

[6]
In 2010, IPL became the first sporting event ever to be broadcast live on theYouTube. Its brand value was estimated to be around
[7][8]
$4.13 billion (over 18,000 crore (US$ 4.09 billion)) the same year. According to global sports salaries review, IPL is the second

highest-paid league, based on first-team salaries on a pro rata basis, second only to the NBA. It is estimated that the average salary
[9]
of an IPL player over a year would be £2.5 million.

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[edit]History

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A Chennai vs Kolkata match in progress at the M.A. Chidambaram Cricket Stadium

The inaugural season of the tournament started on 18 April 2008 and lasted for 46 days with 59 matches scheduled, out of which 58

took place and 1 was washed out due to rain. The final was played in DY Patil Stadium, Nerul, Navi Mumbai. Every team played

each other both at home and away in a round robin system. The top four ranking sides progressed to the knockout stage of semi-

finals followed by a final. Rajasthan Royals defeated Chennai Super Kings in a last ball thriller and emerged as the inaugural IPL

champions.

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The 2009 season coincided with the general elections in India. Owing to concerns regarding players' security, the venue was shifted

to South Africa. The format of the tournament remained same as the inaugural one. Deccan Chargers, who finished last in the first

season, came out as eventual winners defeating the Royal Challengers Bangalore in the final.

[edit]    
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The third season opened in January 2010 with the auction for players. 66 players were on offer but only 11 players were sold. In this

season,Deccan Chargers did not play at their preferred home location of Hyderabad, India due to the ongoing political crisis in

the Telangana region . The new bases for the champions this season were Nagpur, Navi Mumbai and Cuttack. Four teams qualified

for the semi-finals. The first semi-final was won by Mumbai Indians who defeated Bangalore Royal Challengers by 35 runs. Chennai

Super Kings defeated Deccan Chargers in the second semi-final. The final was played between Chennai Super Kings and Mumbai

Indians. Chennai Super Kings won by a margin of 22 runs.

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On 21 March 2010, it was announced at Chennai that 2 new teams from Pune and Kochi will be added to the IPL for the coming

season. However, the bid around the Kochi franchisee turned controversial resulting in the resignation of minister, Shashi
Tharoor from the Central Government and investigations by various departments of the Government of India into the financial

dealings of IPL and the other existing franchisees. Later, Lalit Modi was also removed from IPL chairmanship by BCCI.

In October 2010, the Rajasthan Royals and Kings XI Punjab had their franchises terminated for breaching ownership rules. The new
[10]
Kochi franchise was also issued a warning to resolve all their ownership disputes.

The addition of teams representing Pune and Kochi was to have increased the number of franchises from 8 to 10. The BCCI

originally considered extending the tournament format used in previous season to ten teams, which would increase the number of

matches from 60 to 94. Instead, the round-robin stage of the tournament was to have been replaced by a group stage with two
[11]
groups of five, limiting the number of matches to 74. However, with the expulsion of the Rajasthan royals and Kings XI Punjab

teams, the format of the fourth season of the IPL remains in flux.

[edit]League organization
[edit]å    
[12]
The winning bidders for the eight franchises were announced on 24 January 2008. While the total base price for auction was US
[13]
$400 million, the auction fetched US $723.59 million.

On 21 March 2010, Pune and Kochi were unveiled as the two new franchises for the fourth edition of the Indian Premier League.

The base price was $225 million. While Pune was bought by Sahara Adventure Sports Group for $370 million, the Kochi franchise

was bought by Rendezvous Sports World Limited for $333.3 million. The process was to have been completed on March 7 but was
[14]
postponed by two weeks after many bidders and the BCCI objected to stiff financial clauses. The second franchise auction

fetched total $703 million.

 
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There are five ways that a franchise can acquire a player. In the annual auction, buying domestic players, signing uncapped players,
[15][16]
through trading and buying replacements. In the trading window the player can only be traded with his consent. The franchise

will have to pay the difference between the old contract price and the new contract price. If the new contract is worth more than the
[17]
older one then the difference will be shared between the player and the franchise selling the player.

Some of the Team composition rules are:

] Minimum squad strength of 16 players plus one physio and a coach.

] No more than 8 foreign players in the squad and at most 4 in the playing XI.For the 2009 edition franchises are allowed 10

foreign players in the squad. The number allowed in the playing XI remains unchanged at 4.

] As this is domestic cricket so minimum of 8 local players must be included in each squad.

] A minimum of 2 players from the BCCI under-22 pool in each squad.

Some of the differences to international Twenty20 cricket:

] A difference to international cricket is a timeout. It gives the players an opportunity to strategise and take a drink during the

strict 2 minutes, 30 seconds time limit. Each team is awarded two timeouts per innings totalling to four timeouts for the whole

game. The teams can take the timeout when instructed, but is necessary to take it at the end of 9th and 16th over.

] IPL is also known for having commercials during the game, hence there is no time limit for teams to complete their innings.

However, there may be a penalty if the umpires find teams misusing this privilege at their own choice.

The total spending cap for a franchisee in the first player auction was US $5 million. Under-22 players are to be remunerated with a

minimum annual salary of US $20,000 while for others it is US $50,000. The most expensive players in the IPL to date are Andrew

Flintoff and Kevin Pietersen at US $1.55 million each.

[edit]Statistics and records
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The first players' auctions were held on 2008. The IPL placed icon status on a select few marquee Indian players. These players

were Rahul Dravid, Sachin Tendulkar, Saurav Ganguly, Yuvraj Singh, and Virender Sehwag. VVS Laxman initially named an icon
[18]
player, later voluntarily opted out of his icon status to give his team (Deccan Chargers) more money to bid for players. For the

second season, auctions were also held, but free signings taking place in the off-season by franchises led to calls for a draft-like

system where the lowest ranked teams would be given a first opportunity to sign players.
[edit]Television rights and sponsorships

The IPL is predicted to bring the BCCI income of approximately US$1.6 billion, over a period of five to ten years. All of these

revenues are directed to a central pool, 40% of which will go to IPL itself, 54% to franchisees and 6% as prize money. The money

will be distributed in these proportions until 2017, after which the share of IPL will be 50%, franchisees 45% and prize money 5%.

The IPL signed up Kingfisher Airlines as the official umpire partner for the series in a 106 crore (US$ 24.06 million) (approximately

£15 million) deal. This deal sees the Kingfisher Airlines brand on all umpires' uniforms and also on the giant screens during third
[19]
umpire decisions.

[edit]  


On 15 January 2008 it was announced that a consortium consisting of India's Sony Entertainment Television network
[20]
and Singapore-basedWorld Sport Group secured the global broadcasting rights of the Indian Premier League. The record deal

has a duration of ten years at a cost of US $1.026 billion. As part of the deal, the consortium will pay the BCCI US $918 million for
[21]
the television broadcast rights and US $108 million for the promotion of the tournament. This deal was challenged in the Bombay

High Court by IPL, and got the ruling on its side. After losing the battle in court, Sony Entertainment Television signed a new

contract with BCCI with Sony Entertainment Televisionpaying 8,700 crore (US$ 1.97 billion) for 10 years. One of the reasons for

payment of this huge amount is seen as the money required to subsidize IPL's move to South Africa which will be substantially more

than the previous IPL. IPL had agreed to subsidize the difference in operating cost between India and South Africa as it decided to

move to the African nation after the security concerns raised because of its coincidence with India's general elections.

20% of these proceeds would go to IPL, 8% as prize money and 72% would be distributed to the franchisees. The money would be

distributed in these proportions until 2012, after which the IPL would go public and list its shares (But recently in March 2010, IPL
[22]
decided not to go public).

Sony-WSG then re-sold parts of the broadcasting rights geographically to other companies. Below is a summary of the broadcasting

rights around the world.

On 4 March 2010 ITV announced it had secured the United Kingdom television rights for the 2010 Indian Premier League. ITV will
[23]
televise 59 of the 60 IPL matches on its ITV4 free to air channel.

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