The Indian Cricket Team has always been one of the strongest teams in the world of cricket. When Team India wins a major tournament like the ICC T20 World Cup, the players not only gain immense pride and glory but also receive substantial bonuses and rewards. Let’s explore how much bonus awaits Team India’s stars after their win in the ICC Men’s T20 World Cup 2024, and compare it with historical data, including the net worth of the Board of Control for Cricket in India (BCCI) in 2011 and 2024.
Bonuses and Rewards: An Overview
Winning an ICC tournament is a monumental achievement in cricket. Players often receive bonuses from their national cricket boards, and in India’s case, the BCCI is known for being particularly generous. These bonuses are in addition to the prize money awarded by the ICC itself.
BONUSES FOR THE ICC MEN’S T20 WORLD CUP
After winning the ICC Men’s T20 World Cup 2024, each member of the Indian cricket team is expected to receive a significant bonus. While the exact amount has not been officially confirmed yet, we can make an educated guess based on previous trends and statements from BCCI officials.
Also Read: Net Worth of Indian Cricketers ‘Special 15’ for the T20 World Cup
1. Team Bonuses
Historically, team bonuses have been quite substantial. For instance, after India won the 2007 T20 World Cup, each player received approximately INR 80 lakhs (about USD 100,000 at the time). Given inflation and the increased revenues in cricket, players could expect bonuses in the range of INR 1-2 crore (approximately USD 120,000-240,000) each for the 2024 victory.
2. Individual Awards:
Players who perform exceptionally well often receive additional bonuses. For example, the top run-scorer or wicket-taker might receive extra financial rewards. These could range from INR 50 lakhs to INR 1 crore (about USD 60,000-120,000).
3. State and Corporate Rewards:
Various state governments and corporations also reward players. These can include cash prizes, luxury cars, and even real estate. Such rewards could total up to several crores of rupees.
BCCI’s NET WORTH: 2011 vs 2024
The BCCI is one of the richest cricket boards in the world. Its financial status has a significant impact on the bonuses it can award.
NET WORTH IN 2011
In 2011, the BCCI’s net worth was estimated to be around USD 1.5 billion. This was a time of great financial stability and growth for Indian cricket, bolstered by the success of the Indian Premier League (IPL) and India’s win in the 2011 ICC Cricket World Cup. This financial health allowed BCCI to reward the players generously. After the 2011 World Cup victory, the BCCI awarded each player INR 1 crore (approximately USD 225,000 at that time).
NET WORTH 2024
By 2024, the BCCI’s net worth has skyrocketed to an estimated USD 3 billion. This growth can be attributed to several factors:
– Increased Revenue from IPL: The IPL has continued to grow exponentially, attracting massive sponsorships and broadcasting deals.
– International Series and Tournaments: Regular international cricket series and the hosting of major tournaments have further boosted revenues.
– Commercial Partnerships: Lucrative deals with sponsors and partners have contributed significantly.
This enhanced financial position allows the BCCI to offer even more substantial bonuses to players.
LAST ICC TOURNAMENT BONUSES
The last ICC tournament after which Team India players received significant bonuses was the ICC Champions Trophy in 2013. After winning this tournament, the BCCI announced a reward of INR 1 crore (about USD 150,000 at that time) for each player. This victory further cemented the trend of rewarding players generously for their performances on the global stage.
CONCLUSION
The victory in the 2024 T20 World Cup is set to bring a windfall for Team India’s players. With the BCCI’s current strong financial status, thanks to the exponential growth in revenues from the IPL and other sources, the bonuses for the players are expected to be very generous. Each player might receive bonuses in the range of INR 1-2 crore, in addition to other rewards from states and private entities.
Winning an ICC tournament not only brings glory and pride but also significant financial rewards. The BCCI, being one of the wealthiest cricket boards, ensures that the players are well compensated for their hard work and dedication. This practice of rewarding players has been consistent, reflecting the board’s appreciation of the players’ efforts and their contribution to Indian cricket’s success on the global stage.
The Sportz Planet Desk,
Atharva Shetye.
